Standard Chartered Bank Business Loans In India

Business Installment Loan (BIL) offered through Standard Chartered Bank is an unsecured loan for small enterprises, i.e. entities with turnover ranging from Rs.40 Lacs to Rs.30 Crores, for purposes such as business expansion, long term working capital etc.

Unique features of Business Loan from Standard Chartered Bank

No security requirement
Higher loan amounts - up to Rs.20 Lacs
Tenure - up to 48 months
Attractive interest rates
Speedy disbursal

Eligibility For BUsinees Loan from Standard Chartered Bank

Minimum turnover of Rs.40 Lacs
Maximum turnover of Rs.30 Crores

For professionals / service sector applicants the minimum gross receipts should be Rs.10 Lacs Minimum 3 years experience in the same line of business with at least 2 years of business establishment and operating in the same city
Minimum age must be 25 years at loan origination and the maximum age should be 65 years at loan redemption
Applicant must have a profitable business for the last 2 years to be evidenced by IT returns. Net worth must also be positive for the last 2 years.

Qualifying criteria For Businees Loan from Standard Chartered Bank

Applicant must have a satisfactory track record of an earlier installment loan (personal loan, auto loan, equipment loan or home loan).

For other details, click on the link: http://www.standardchartered.com/in/sb/loan_business.html