Short Term Loan to different business concerns to meet urgent fund requirement for any interim period. Loan facilities for a short term, generally for a period of one year to meet working capital need of clients to Large and medium size enterprises.
Features-
- Financing to accommodate any short term fund requirements to run your business
- Monthly interest payments and principal payments on maturity
- Tenure of up to 12 months
Eligibility-
- Age of business must be more than 3 years.
- Very competitive interest rate.
- Financing amount to be determined as per company policy.
- Repayment through Installments may be equal or structured (step-up, step-down, bullet, etc.) or as per company policy.
- Security: Acceptable Collateral (Land, Building etc.), Lien of shares, Cash Security.
