This is the most common way of availing working capital loan, which is rapayed in equidated monthly repayment. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid.
Types of WC Loan:- Overdraft- Bank Guarantee- Cash Credit
Eligibility: Eligibility for working capital is derived through the annual business turnover and value of the property offered for mortgage. Any business entity be it sole proprietorship, partnership or private limited company, can avail working capital facility.
Interest Rate>> 9% Onwards
Loan Tenure >> 12 Months
Special Conditions >> Combination of CC/TL