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Business Instalment loan (BIL) is an unsecured loan which is provided to a self-employed individual and entity. It can be availed for any business upgrade or equipment purchase, which is repaid in equal instalments at fixed intervals, mostly monthly.
Based on your kind of business, income and repayment capability, you can get a loan upto Rs 40 lacs.
For some of you high profilers, we are happy to look at your loan requirement that may go beyond Rs 40 lacs
* with additional conditions met.
The minimum business vintage required under BIL is 3 years.
No we don’t require any collateral or security guarantee.