Features of Business Loan
The maximum amount of loan that can be availed is Rs 50 lakhs.
The rate of interest is fixed, same as in case of personal loan.
The tenure of the repayment offered by various banks on BUSINESS LOAN is normally up to 5 years. When the cash flow is not regular and active this favourable feature of loan proves to be very lucrative.
The rate of interest on Business Loan generally ranges from 18 - 22 %
Availing this type of loan will help the borrower get greater funds to meet his important requirements. By taking BUSINESS LOAN, one can easily get their business running without any hiccups.