An unsecured business loan does not require any security. Our unsecured business loans are made to assist MSMEs with their short-term financial needs.
Working capital is the funding you have on hand to take care of your immediate, short-term obligations. Working capital is only used to fund operations, meet short-term obligations, and maintain sufficient working capital.
In simple terms, a term loan is a loan that has a set repayment schedule and is granted for a specific amount of time. These loans are typically extended for a longer period of time, which can be anywhere between one year and ten or thirty years.
Borrowing money from a financial institution to purchase equipment. The equipment serves as loan collateral. Customers who own businesses, whether SMEs or large enterprises, and require long-lasting equipment are thought to benefit most from equipment loans.
An overdraft facility is a type of financial tool that lets you take money out of a bank account (savings or current), even if there is no money in the account. When you use the overdraft facility, the bank charges interest just like with any other credit facility.