Term Loan availability and eligibility criteria


Term Loan availability and eligibility criteria

Term loans are available for an amount between Rs. 10 lakhs to Rs 500 crores for small term,
Term loans are available for a repayment time from 6 months to 15 years.
Term loans are available for limited companies.

Eligibility Criteria

The company should be a limited company as defined in the IDBI act.
The company should have a potential to repay the loan
Company should have a satisfactory credit rating
Having appropriate collateral
Having personal Guarantee of Promoter Director/Corporate Guarantee 


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