This product is useful for businesses that have EDC or POS machines installed. Such businesses include retail outlets, restaurants, hotels and hospitals. These loans can be in the form of a limit or term loans. The eligibility is derived basis the average monthly credit through the EDC or POS machine.
Min Loan amount of 3 lacs and max loan amount of 200 lacs
Higher loan amount and tenure can be offered in combination with property as collateral
Flexibility of limit as well as EMI
No requirement to furnish stock and debtor statement
- No hassles of change of drawing power every month