Lakshmi Vilas Bank- Lakshmi Business Credit

Purpose of Loan:

This is a convenient loan scheme designed for the trading community for quick and hassle free loans to meet their financial needs. Lakshmi Business Credit can be availed by all kinds of traders such as Department stores, Wholesalers, Retailers, Distributors, Jewelers and Grocery Merchants etc.

Eligibility:

Individuals/ HUFs, Proprietorship/ Partnership ( both registered and unregistered), Private/ Public ltd companies and other legally permissible entities.

Quantum of Loan:

Maximum of Rs.100 Lakhs.

Rate of Interest:

At BPLR (PER 15.00% p.a)

Type of Facility:

Available either as: Demand Loan - Repayable in monthly installments, Secured Overdraft - Renewable every year, Combination of both.

For more information: Website