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.

Feature/Criteria:

• 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