Standard Chartered Business Loan Interest Rate

Hello sir I am going to start a business so I am thinking to take the Standard Chartered Business Loans so can you please provide me the detail of Interest Rates and Eligibility

[Kiran Chandar]

As per your demand here is the detail of Standard Chartered Business Loans -Interest Rates - Eligibility

Stan Chart Business Loans: to Get details on lowest interest rate installment scheme business loans of Standard chartered. Apply online and get lowest rates and EMI.

Business Instalment Loan is an unsecured (collateral free) loan to business entities with turnover ranging from Rs. 1 crore to Rs. 30 crore. This loan is useful for proprietors, partnership firms, private limited companies and professionals.

Eligibility-
Special features
Easy to apply
Loan amount upto Rs. 50 lakh*
Loan tenor upto 36 months*
No collateral or security required
Quick Turnaround Time
It takes guarantee to decision your Business Installment Loan application within the next 5 business days.
If it does not meet its guarantee, it shall refund you with Rs. 500 per business day of delay up to a maximum of Rs. 5,000*.
Conditions apply
Conditions apply. Rs. 500 per business day refund is only for approved cases.

eligible for BIL -

Sole proprietors / proprietorship firms
Partnership firms
Pvt. Ltd. Companies
Closely held Public limited companies
Professionals – doctors, architects, chartered accountants, business consultants

minimum and maximum annual turnover eligibility-
Minimum turnover – Rs. 1 crore
Maximum turnover – Rs. 30 crores

minimum and maximum loan amount offered-

You can get an unsecured Business Instalment Loan ranging from Rs. 5 lakhs to
Rs. 50 lakhs depending on the financial eligibility conditions being met.

minimum and maximum tenor of the loan-
The loan tenor ranges from 15 months to 36 months.

security/ collateral that I need to provide-
BIL is an unsecured loan product. Hence, no collateral is required.

interest rate charged on BIL-
it offers attractive interest rates on the facility depending on loan amount, credit assessment and other parameters.

Specific details would be provided by the sales officer.

basic documents required for applying for the facility-
Bank statements for last 6 months
2 year financials including Profit & Loss (P&L) Statement , Balance Sheet and Income Tax returns.
Documents related to establishment of entity, identity and address proof documents.
Specific details would be provided by the sales person.