category |
Bill discounting |
Business Loan |
Interest rate |
Depends on the financial stability and volume of business |
Depends on the applicant’s profile, as well as, the business requirements |
Nature of loan |
Short-term |
Long-term loan, as well as, the working capital loan |
Repayment tenure |
12 months - 3 years |
12 months - 5 years |
Amount of loan |
Depending on the nature of the trade |
The maximum limit of Rs. 1 crore and it may exceed |