Business Loans India : Business Loans for Small Scale Industries
A businessman faces lots of financial problems while taking its business to the success. Many times, he has to increase its proportion of debts so as to have sufficient funds to meet the requirements of the business. He may have to take cash on credit for many times in a year. This is due to the uncertainty of the future. Now, every time he applies for the loan, he can not be able to offer his assets for collateral. In these situations, unsecured business loans prove to be a boon for the businessmen.
These loans are available to the borrower even without the collateral. So, the businessman can raise these kinds of loans many times in a year. This helps him to reduce the financial redundancies. An average amount of 1000 pounds can be raised by the help of unsecured business loans . This facilitates the businessman to meet many of their regular business demands easily. Besides this, many small but urgent demands can also be met through these loans.
Business Loans (Small Scale Industries) -
Information about MPower SSI Loan From ING Vysya Bank
Features and Benefits
Extremely attractive interest rates for Working Capital and Term Loans.
Non funded facilities such as LC’s, guarantees with minimum margins for business requirements.
Packing Credit / Post shipment limits for Exporters.
Forward Contracts facility to hedge FX risk for Exporters / Importers.
Quick turnaround times that ensure that your requirements are taken care of in the minimum possible time.
Ing Vysya bank would take into consideration not just your past performance but also your future business requirements when assessing limits under this product.
Personalized attention from exclusively assigned Relationship Managers.
Simplified documentation.
Following added benefits of MPower Business Account for overdraft customers:
Doorstep banking through Cash / Cheque Pickup and Delivery-extended at important locations under a separate agreement with the bank.
Concessional Demand Drafts/Pay Orders/Payable at par (PAP) on OD facilities.
Online Banking services.
Phone Banking (Customer Service Line).
At par cheque collections.
The loan quantum is based on Projected Sales Turnover and Net owned funds, assessed by the bank’s official on the following criteria:
Your past track record
The future requirements of your business
Your market reputation