Business Loans in Chennai: Chennai is an industrial hub with a large variety of industrial set-up in and around the city. With large variety in the business opportunities banks have scaled up to provide financial assistance for all kinds of business set-up through various business loan scheme and products.
Business Loan Scheme and Products come with a variety of feature depending on the business you are trying to run some of which are enlisted below:
• Business loans can be availed for starting your business set-up of any kind as well as for the purpose of expansion of your existing business.
• Loan amount upto Rs.75 Lakhs can be availed to start your business at a rate of interest ranging between 18% to 22 % p.a. for a period of maximum 5 years depending on your loan structure and eligibility.
• You can avail your business loans in Chennai without providing any guarantor or collateral.
• You can choose to make a part prepayment with adding on an additional cost towards your loan.
• You can also choose to make the entire payment without bearing any fore-closure charges towards your loan.