The interest factor depends on the perceived risk factor by the banks, past track, growth and profitability trends and the industry profile.

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1 Business loans are offered to small and medium enterprises towards working capital, expansion, or modernization of existing business. It could be either secured or unsecured. The idea is that if there is opportunity for growth at acceptable risk levels the banks will finance. Loan amounts offered could vary between Rs.5 lakh to Rs.500 lakh. Secured loans could be against Property (movable /unmovable), Stocks or collaterals. In secured Loans the rate of interest offered would be lower than unsecured loans. Unsecured loans could be in the form of short, medium or long term loans for temporary/ bridge loans, Working capital or for purchase of machineries or other fixed assets. The interest factor depends on the perceived risk factor by the banks, past track, growth and profitability trends and the industry profile. Business loan can be availed by self-employed individuals, Partnership firms, Private limited and Limited companies. The funds can be used for business expansion, working capital, renovating your office, buying new property or equipment or personal requirements like child's education, marriage or home renovation, etc. Business loan could be either- Unsecured Business loan. Secured Business loan. Unsecured Business loan: Unsecured Business loan on Financials Unsecured Overdraft facility Loan against Rental Income Loan against Car loan Track Loan against Home loan Track Loan against Credit Card Limits Loan against Life Insurance Policies SME loans Loan To Self Employed Professionals- Doctors, Architects, Chartered Accountants, Engineers, MBA. Secured Business loan: Cash Credit Facility Overdraft Facility Drop line Overdraft Lease Rental Discounting Term loans SME Loans Loan against property without income LC Limits

2 Unsecured Business loan on Financials. No collateral or guarantor or surety required. The funds can be used for business expansion, working capital, renovating your office, buying new equipment, child's education or home renovation etc. Features: Unsecured Loan to self- employed businessmen, Partnership firms /Private Ltd. and Limited Cos. Involved in the manufacturing, trading and service industry. Loan amount up to Rs.75 Lakhs per bank. (Subject to eligibility and sanction. Can be processed in multiple banks for maximum amount.) Easy repayment options from 12 to 36 months. Hassle free processing and fast disbursement. Door step Service.

3 Unsecured Overdraft Facility. Features: Unsecured Loan to self- employed businessmen, Partnership firms /Private Ltd. Cos. involved in the manufacturing, trading and service industry. (Subject to eligibility and sanction) Limit amount up to Rs. 5 lakh- Rs. 75 lakh. Interest payable only on the amount utilized. Easy repayment options from 12 to 36 months. Hassle-free processing and fast disbursement Door step Service. Balance Transfer of existing loan is possible at better terms to reduce interest cost and additional amount in hand.

4 Loan against Rental Income. Features: Unsecured loan to self- employed businessmen, Partnership/Pvt. Ltd Cos. involved in manufacturing, trading and service Industry on the basis of lease/rental income. Lease/rental agreement should be at least 2 years old and lease/rental payment should be preferably through cheque/neft. No Escrow involved. Loan amount up to Rs.10 lakh subject to eligibility and sanction. Easy repayment options from 12 to 36 months. Hassle free processing and a fast disbursement. Door step Service.

5 Loan against Car loan Track. Features: Unsecured Loan to self- employed businessmen, Partnership firms /Private Ltd. cos. involved in the manufacturing, trading and service industry on the basis of Car loan repayment track at least 12 installments paid. Loan amount up to Rs.10 lakh per bank subject to eligibility and sanction. (Can be processed in multiple banks for maximum amount). Easy repayment options from 12 to 36 months. Hassle free processing and fast disbursement. Door step Service. Balance Transfer of existing loan is possible at better terms to reduce interest cost and additional amount in hand.

6 Loan against Home Loan Track. Features: Unsecured loan to self- employed businessmen, Partnership firms/private Ltd. Cos. involved in manufacturing, trading and service Industry on the basis of Home loan repayment on which at least 12 installments are paid and minimum Home loan amount of 10 lakh. (Can be processed in multiple banks for maximum amount) Loan amount up to Rs.10 lakh per bank subject to eligibility and sanction. Easy repayment options ranging from 12 to 36 months. Hassle free processing and fast disbursement. Door step Service. Balance Transfer of your existing loan is possible at better terms to reduce interest cost and additional amount in hand.

7 Loan against Credit Card Limits Features: Unsecured loan to self- employed businessmen on the basis of Credit Card Limit issued at least 24 months back and subject to eligibility and sanction. Loan amount Rs. 3 to 7 lakh per bank. (Can be processed in multiple banks for maximum amount) Easy repayment options from 12 to 36 months. Hassle free processing and fast disbursement Door step Service.

8 Loan against Life Insurance Policies. Features: Unsecured loan to self- employed businessmen on the basis of endowment policies/whole life policies at least 2 yrs old. (Can be processed in multiple banks for maximum amount) Loan amount Rs. 3 to 7 lakh per bank subject to eligibility and sanction. Easy repayment options from 12 to 36 months. Hassle free processing and a speedy approval. Door step Service.

9 SME, MSME loans. Features: Unsecured loan to Micro and Small Enterprises comprising self- employed businessmen, Partnership firms/ Private Ltd. Cos. engaged in Manufacturing and Service sector Industry in business for at least 3 years and having audited returns with positive profits for latest 2 years. For manufacturing sector, original investment in equipment, plant & machinery should be less then Rs.5 crore and for Service sector, original investment in equipment, plant & machinery should be less then Rs. 2 crore. Loan amount 10 lakh to 1 crore subject to eligibility and sanction. Easy repayment options available. Hassle free processing and approval. Door step Service. Balance Transfer of your existing loan is possible at better terms to reduce interest cost and additional amount.

10 Loan to Professionals - Doctors, Architects, Chartered Accountants, Engineers, MBA. Features: Unsecured loan to practicing Self-employed Doctors, Consultants, Chartered Accountants, Company Secretariats, Architects, Self-employed Engineers & MBA s. The funds can be used for business expansion, working capital, renovating of office, buying new equipment, child's education or home renovation etc. Loan Amount: Up to Rs.75 Lakhs per bank. (Can be processed in multiple banks for maximum amount subject to eligibility and sanction.) Lowest interest rate. Easy repayment options from Months. Hassle free processing and fast disbursement. Door step service. Balance Transfer of your existing loan is possible at better terms to reduce interest cost and additional amount.

11 Secured Business loan. Cash Credit Facility Overdraft Facility Drop line Overdraft Lease Rental Discounting Term loans SME Loans Loan against Property without Income LC Limits Bank Guarantees Project loans Cash credit limits- CC Limits Features. Cash Credit is the primary method through which Banks lends money against the security of stock and debt to finance working capital requirement to Micro and Small Enterprises, selfemployed businessmen, Partnership firms, Private Limited & Limited Cos. engaged in manufacturing, trading and service sector Industry in business for at least 2 years and having audited returns. The account holder is permitted to withdraw up to a certain sum called "limit" or "credit facility" in excess of the amount deposited in the account. It runs like a current account except that the money that can be withdrawn from this account is not limited to the amount deposited in the account. The limit is fixed on the basis of the banks assessment of working capital requirement based on current financials, drawing power and future projections and subject to eligibility and sanction. Generally, Cash credit account is secured by a charge on the current assets (inventory) of the organisation. The kind of charge created can be either pledge or hypothecation of assets. Additional collateral by way of personal guarantees or fixed assets or both may be required depending on terms of sanction. Successfully receiving and promptly paying off the loan within its terms can open the way for the business to be extended a more liberal line of credit in future. Balance Transfer option of existing facility is available for better terms and additional limit.

12 Overdraft Limits Features of Pure Overdraft facility. An overdraft facility is a formal arrangement with a bank that allows an account holder to withdraw funds in excess of the amount deposited. This type of financing is most commonly used by businesses as a way of making their working capital more flexible. It also allows one to fulfill short term and long term business requirements, working capital requirement or business expansion. The Overdraft limit is fixed on the basis of current turnover and future projections to some extent and is subject to eligibility and sanction. Only monthly Interest is payable which is calculated on daily reducing basis and is normally charged at the end of each month. Longer term Overdraft is allowed against securities like Shares, Mutual funds, surrender value of Insurance policies, Debentures, Fixed immovable assets such as residential/ commercial/ industrial properties, land etc. Short term clean overdrafts are available on the basis of existing bank relationships. Primary security: Hypothecation of stocks and assets financed by Bank Additional Collateral: Extension of charge over current assets, fixed Assets and other existing collateral, personal guarantees of the promoters/partners/directors of the unit. Successfully servicing the loan within its terms can entail a more liberal line of credit for future use. Balance Transfer of existing loan is possible to take advantage of better terms and additional amount. Features of Drop line Overdraft facility. A drop line overdraft facility is very similar to pure overdraft facility except that it is available for a fixed term. Along with interest charged on the amount of funds utilized a fixed portion of the limit calculated on the basis of loan amount and tenor of the loan sanctioned is deducted every month which effectively reduces the limit usable the next month. At the end of the term for which the loan is sanctioned the balance due becomes nil.

13 Lease Rental Discounting Features. Available for Sole proprietors, Partnership firms, Private-limited and Public-limited companies, Professionals like doctors, architects, chartered accountants, business consultants to finance working capital and other business requirements at a comparatively lower cost. Declared income from lease/rent income is a prerequisite and lease/rent deed/agreement should be registered. Rent accrued is payable by the tenant directly to the Bank/Institution in an escrow account. Up to 90% of the future rent receivable can be availed. The leased/rented property may be residential, commercial or Industrial. Loan amount up to 65% of the market value of the property up to Rs. 250 crores is possible subject to eligibility and sanction. Balance Transfer of existing loan is possible to take advantage of better terms and additional amount.

14 Term loans Features. These are basic commercial loans to self- employed businessmen, Partnership firms/pvt. Ltd Cos. engaged in manufacturing, trading and service sector Industry in business for at least 2 years and having audited returns with positive profits. They generally have fixed interest rates, fixed installment and a set maturity date. Term loans can be either short term or long term or is normally utilized for major capital improvements, large capital investments, business expansion, repayment of higher cost debts etc. and are subject to eligibility and sanction. Short-term loans These loans are usually sanctioned for less than three years and are generally repaid in monthly installments. Repayment is often tied directly to the useful life of the asset being financed. Long-term loans These loans are usually sanctioned between three and 10 years. Repayment is often tied directly to the useful life of the asset being financed. They are collateralized by a business's assets and typically repaid in monthly installments

15 SME, MSME Loans Features. These are Secured loans to self- employed businessmen, Partnership firms/pvt. Ltd Cos. engaged in Manufacturing, trading and Service sector Industry in business for at least 3 years and having audited returns with positive profits for latest 2 years for Working Capital requirements & Purchase of fixed assets like land, building, plant & machinery, expansion, up-gradation of existing facility, repayment of high cost debts etc. For manufacturing sector, original investment in plant & machinery should be less then Rs.5 crore and for service sector, original investment in equipment less then Rs. 2 crore. Loan amount can be sanctioned up to Rs. 5 crore subject to eligibility. The Loan could be a mix of Term loan, Cash credit facility, Overdraft facility etc. Term loan to be repaid in 5/7 years excluding moratorium not exceeding 6 months. Working Capital limits (CC /OD) to be renewed every two years and reviewed annually subject to satisfactory conduct of account. Primary security: Hypothecation of stocks and assets financed by Bank Additional Collateral: Extension of charge over current assets, fixed Assets and other existing collateral personal guarantees of the promoters/ partners/ directors of the unit. Balance Transfer of existing loan/facility is possible at better terms for incremental amount.

16 Loan against property without income. Features. Loan amount up to 40% of the property value (Residential or Commercial) can be financed for a period of 1 to 15 years. Property has to be self-owned, self-acquired with clear title. This facility can be obtained by self- employed individuals and by individuals above 60 without income. Loan amount is subject to eligibility and sanction. Disbursement could be lump sum or in monthly annuities or a mix of both and subject to terms of sanction and purpose of loan.

17 LC Limits Features. As a buyer one needs to pay for purchases in International and Domestic markets. Import financing through Letters of Credit are well accepted globally as a secure, cheap and convenient mode of making payments for trade transactions. Letter of Credit can be: i. Revolving Letter of Credit ii. Back to Back Letter Of Credit iii. Revocable Letter of credit iv. Irrevocable Letter of Credit. Revolving Letter of Credit. Revolving Letter of Credit is used when the delivery of goods is in partial/ multiple shipments. Revolving Letter of Credit keeps on revolving and is not restricted to a single transaction. Revolving Letter of Credit (LC) can be utilized for subsequent business transactions over a period of time on a continuous basis to the extent of limit sanctioned. The seller/buyer does not have to go to the bank for sanction of fresh limits every time he gets a new order. Back to Back Letter Of Credit Back to Back Letter of Credit is generally used by middlemen or agencies to hide the identity of the real suppliers or manufacturers. The seller utilizes an Irrevocable Letter of Credit as a security to his bank, for issuing a back to back Letter of Credit in favour of his suppliers. This enables a seller to get a very competitive rate for his purchases and increase his profit margin, raise quick funds and complete his orders within the scheduled time. Permission from the buyer s is not required in such cases. Such transactions become possible when a seller receives an irrevocable letter of credit for supplying goods which he has to procure from a third party who might insist on a letter of credit. The second issuing bank looks to the Primary issuing bank for reimbursement after paying the beneficiary. Revocable Letter of credit. Payment against this form of Letter of Credit can be revoked by the issuing bank. The buyer can either amend the terms of the Letter of Credit or cancel it without the seller s approval. The payment against Revocable Letter of Credit is not certain and hence this type of Letter of Credit is not commonly used. The Seller has very less chances to get finance against Revocable Letter of Credit.

18 Irrevocable Letter of Credit. An Irrevocable Letter of Credit once issued cannot be cancelled. The seller is assured of payment for supply of goods/services provided all terms and conditions of Letter of Credit are adhered to fully. This mode of payment is generally used in international trade transactions. As the payment against this Irrevocable Letter of Credit is guaranteed by the issuing bank the holder of this Irrevocable Letter of Credit (seller) can borrow short term finance from any other bank or lending institution at a very low rate of interest and within a very short time.

19 Bank Guarantees Features. Various types of Bank Guarantees are necessary to fulfill business obligations at various stages of a contract. It is a form of debt security. Financial Bank Guarantee. Financial Bank Guarantee is a bond which cannot be cancelled and ensures the payment of the interest and repayment of the principal amount as per the schedule agreed upon by both the borrower and the lender. A guarantor to this debt security is liable to pay off the liability in case the first party or the issuer of the Financial Bank Guarantee fails to make the payment. Performance Guarantee. A Performance Bank Guarantee is issued by a seller to ensure or give concrete commitment to the buyer through its bank. This method ensures the buyer the timely execution of an agreement to have the goods exported or delivered or services performed. In case the seller defaults on execution of the terms agreed upon the Performance Bank Guarantee ensures the buyer the payment of the guaranteed amount by the issuing bank. Generally the performance Bank guarantee is 10 percent of the total assignment or project value.

20 Project loan. Features. Project Loans are available to the existing business or industrial houses for business expansion, reconstruction, acquire the fixed assets like land & building, plant & machinery etc. and to new business entrants in form of seed or startup capital. Short term Project Loan can be availed for one year whereas the mid and long term project loans can be obtained for up to 10 years. The applicant should have a detailed project report with estimated revenue and cost projections for 5 years as it is the very basis of getting project loan sanctioned. The lending institution needs creditable business and revenue generation model, strong solvency ratio, strong management systems and team, proven technology, experience in similar business are some of the granting criteria for project loans.

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