Features:
- Higher Eligibility for Businesses: Enhanced eligibility criteria to support larger loan amounts for businesses.
- Flexible Tenor Up to 48 Months: Extended repayment period to manage cash flow efficiently.
- Lower Interest Rates: Competitive interest rates to reduce the cost of borrowing.
- Top-up Facility Within 6 Months: Option to top up the loan amount within six months of the initial loan.
- Hypothecation of POS Terminals: POS terminals issued by any bank can be used as collateral.
Documents Required:
- Passport Copy with Valid Visa Page: A copy of the business owner’s, director’s, or partner’s passport, including the valid visa page.
- Last 6 Months Bank Statements: Recent bank statements showing business transactions.
- Copy of Trade License & Memorandum of Association (MOA): Copies of the company’s trade license and MOA.
- Power of Attorney (POA): If applicable, a copy of the POA document.
- Audited Financials: Audited financial statements to verify the company’s financial health.