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Features of a Business Installment Loan

There is no obligation for a security deposit.
Collateral-free business loans up to INR 75 lacs with a term of up to 4 years are available.
There is less documentation.
Credit assessments based on GST statements can be completed quickly.
Top-up service is available.
Get a top-up loan based on your previous lending history.
The process that is simple and hassle-free
Documentation has been simplified to make it easier to apply so you can focus on your business.
Please get in touch with us.
Our phone banking hotline is available 24 hours a day, 7 days a week, and we have a large network of branches.

Fees & Charges

1. Pricing from 17.25% p.a. for Business Installment Loan (BIL)
2. Pricing of 14% p.a. for Guaranteed installment Loan (GIL)
3. Special benefits for Priority Sector Lending (PSL) customers
4. Special benefits for Branch / Direct (Non-Referral) Sourced Customers
5. Processing fees – 2% of loan disbursed amount
6. Prepayment penalty – 5% of the principal outstanding
7. EMI Bounce charges – INR 495 per instance
8. Penal Interest of 24% p.a.
GST will be levied at the applicable rates in force on all taxable supplies with the effect from a date to be notified by the government. Any service, which is not mentioned above, will be charged separately at applicable charges

Standard Chartered Business Loan and Working Capital

Loan Type

Processing Fee

Interest Rate Range

Eligibility

DOCUMENTS REQUIRED

PRECLOSURE + OTHER CHARGES

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