Business Loans can be used for additional cash flow, for business expansion, or just for an extra boost of working capital.
Funds are immediately disbursed into your corporate bank account, and the instalment is deducted on a monthly basis.
The following loans also have no early repayment penalty – Temporary Bridging Loan, MicroLoan, Working Capital Loan. This implies that you are able to pay off your loan at any point in time, and the interest will be pro-rated.
For example, if your original loan tenure was 48 months, but if you pay off your loan in 18 months, you only pay for 18 months interest.
To get a pre-assessment on your loan eligibility, reach out to our relationship managers by clicking here.