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Limit up to Rs. 25 lac |
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Quick sanction and attractive interest rate |
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Its unsecured, so NO collateral required |
Presenting Business installment loans, simple unsecured business loans available to small and medium enterprises for all your working capital needs.
Business installment loan can be availed by:
- Self employed individuals / professionals
- Sole proprietorship firms
- Partnership firms
- Private limited companies and closely held limited companies
Every small and medium sized enterprise needs access to working capital. The Business installment loan not only helps you meet your working capital needs, but also helps fulfill your aspirations of expanding your business.
With easy documentation and maximum benefits, this loan makes for some sensible capital fulfillment.Business installment loan offers you some great features like:
- Loans upto Rs 25lacs for your working capital requirements
- Hassle-free loans - No security / collateral required
- Repay with easy equated monthly installments
- Simple documentation- With a Business installment loan, you will need to submit documents only once. In contrast, cash credit facilities need you to provide collateral / security and submit documents regularly.
- Enjoy a maximum loan tenure of upto 48months
- Speedy loan processing - 4 to 7 business days
Money, just when you need it
Unsecured smart business loan is convenient and collateral free. It provides working capital assistance in two attractive variants payable in the form of equated monthly installments:
- Overdraft Facility
- Term Loan
Truly, a no-fuss loan for your business needs.
How SBL overdraft works:
We extend your account limit and you can withdraw any amount upto the limit sanctioned. We charge interest only on the amount utilized.
How will you pay business installment loan:
You will pay an equated monthly installment.
Who is it for:
If you are a Proprietor /Partnership/Private/ Public Co. Company, Smart Loans offers overdraft facility upto Rs. 25 lacs without any security. You benefit from an attractive floating rate of interest which is payable only on the amount utilized.
Features of the Business Installment loan:
- Easy access money
- Working capital as an overdraft facility
- Period of 12 months
- Interest levied on the amount utilized
- Enjoy the flexibility to pay minimum 5*% per month
- Flexibility to open accounts at local branches
- Availability of local cheques
- Queries resolved at local branches
Benefits of Business installment loan:
- Term loan in the form of equated monthly installment
- Repayment tenure of 12-36 months
- Plan and control your cash flows
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