Tenor up to 12 months
Competitive pricing
Amount up to 10 million subject to net annual salary
Salary domiciliation/ post dated cheques
Deduction at source/ post dated cheques
Provision of instant renewal at expiration
Receipt of loan application letter.
Receipt of executed loan offer letter
Receipt of duly notarized personal guarantee from a banker of at least Assistant Manager level with post dated cheque covering 120% of the loan amount
Receipt of executed Credit Agreement and the Right Of Set Off
Receipt of executed Payment Guarantee Form
Positive CRMS check
Keyman risk insurance of obligor
Receipt of daily, monthly etc business proceeds into the account
Monthly loan repayment