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Top Features of Secured Business Loan
Minimal Documentation
Access your loan faster with minimal documentation.
Easy Repayments
Repay in easy equated installments. Flexible repayment tenure. Tenure up to 10 years.
Excellent Customer Service
Our Relationship Manager works with you to help meet all your needs.
Competitive Interest Rates
Gain from competitive interest rates and charges.
Quick Processing
Benefit from express loan processing. Our digital processes ensure fast approval of loans. Cash flow-based loan approval.
Covers all Financial Requirements
Composite loans comprising term loans and overdraft provided for meeting all financial requirements.
About Secured Business Loan
Get Loans at low Interest Rates to meet your current financial needs by mortgaging existing property.
- Excellent Customer Service
- Minimal Documentation
- Competitive Interest Rates
FAQs
Q1. Who can avail the Secured Business Loan?
- Self Employed Professionals
- Small Businessmen & Service Professionals
- Firms under Proprietorship structure
- Partnership Firms
- Private Limited Companies
- Salaried Individuals
Q2. What is the purpose for which Secured Business Loan can be used?
Working Capital/ Business Expansion, Asset purchase Renovation / Extension of House / Office / Shop / Factory, Debt consolidation, Education.
Q3. What type of collateral can be accepted for LAP?
Residential and commercial.
Q4. What is the loan size available for Secured Business Loan?
INR 1.5 Lakhs to INR 50 Lakhs.
Q5. What Products are offered under LAP?
- Term Loan
- Combination of Term Loan & Overdraft
- Balance Transfer
Q6. What is the maximum tenure for Secured Business Loan?
120 months (10 years).
Q7. Ways to apply for LAP?
A prospective client can apply for LAP through following ways:
- Filling in online application form.
- Contacting through the phone number or email id provided on website.
- Visiting our nearest branch.
- Existing liability customer can also apply by getting in touch with the RO.