Term Loan availability and eligibility criteria

0
55

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here