FOR THE SHOP TO FRANCHISEES THESE BANKS ARE PROVIDING 50 THOUSAND TO 5 CRORE RUP…
FOR THE SHOP TO FRANCHISEES THESE BANKS ARE PROVIDING 50 THOUSAND TO 5 CRORE RUPEES LOAN, KNOW COMPLETE PROCESS (UNDER THE DIFFERENT SCHEMES, BANKS OFFER LOANS FOR BUSINESS)-
Business loan: If you want to start your business with a retail shop, wholesale sale or distributorship, then many banks are offering you loans ranging between Rs 50,000 to Rs 5 crore. Many banks are running such schemes, under which you can easily get a loan. Today, we are telling about these banks and their schemes.
Rs. 5 crore loan from IDBI
IDBI Bank lender up to Rs 5 crores to the traders.
This loan is given to the Whole Sale, Retail Traders, Dealers and Distributors.
The bank is taking the loan MCLR deposit up to Rs 5 lakhs from 0.50 percent to 1 percent.
The loan MCLR deposit up to Rs 5 lakh to Rs 2 crore is being taken from 2.25 percent to 2.75 percent.
These loans are provided under accessible trade policy.
Take loan from SBI in these Schemes
Various types of schemes for small businesses by State Bank of India has been run.
Under the Prime Minister's Mudra Scheme, a loan of Rs 50,000 to Rs 10 lakh is given.
No processing fees and margin money are charged on loans up to Rs 50,000.
0.50 per cent processing fee is charged on loan from 50 thousand to 10 lakh rupees.
The bank also gives a credit card with a limit of up to Rs 10 lakh to the traders.
Under this scheme, the repayment period is a maximum of 5 years.
This loan is free of collateral.
State Bank also lends up to 20 million rupees on a property base to large businessmen.
Any kind of loan can be applied online at the bank's website.
Loan from the Oriental Bank of Commerce up to Rs 1 crore
Oriental Bank of Commerce has been given a loan of up to Rs. 1 crore under Oriental Uttam Vyapari Scheme (Loan to Trader)
The bank is giving loan of up to Rs 10 lakh without any collateral under the Mudra scheme.
Under this scheme, this loan is given to new and old traders older than 1 year.
In addition to the working capital, the bank gives a term loan to buy a shop or buy a quilt, luggage, commodity filings, tools, furniture etc.
The bank is giving loan without the security of the existing shop or unit.
Repayment: Term loan can be returned from 3 to 7 years, while Working Capital Limit can be renewed every year.