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.
- 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