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Business Loans |
MPower Business Loans Trade
Small business entrepreneurs often encounter problems regarding finance. ING Vysya Bank presents a unique banking loan, specially customized for Small & Medium Business Enterprises.
These loans are available for Small Business Entrepreneurs, Retailers, Shop owners, Contractors, Commission Agents and Transport Operators as well as practicing professionals like Doctors, Lawyers, Consultants, Women Entrepreneurs and any others with a credit requirement ranging from Rs. 5 lakhs upto Rs. 50 lakhs.
Features and Benefits
- Competitive interest rates along with an added concession of 0.5% on the interest rate on purchase of a Life Insurance Policy.
- Personalized attention from exclusively assigned Relationship Managers.
- Simplified documentation.
- Added benefits of a current account*.
- Life and non-life insurance coverage.
- Doorstep banking through Cash/Cheque Pickup and Delivery-extended at important locations under a separate agreement with the bank.
- Free SMS alerts on Debit to an Account, Credit to the Account and Balance below specified amount.
- Concessional Demand Drafts/Pay Orders/Payable at par (PAP) facilities.
- International Debit Card.
- 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 routine requirements of your business.
- Your market reputation.
- Security coverage rather than the mere financial statements.
* Conditions apply
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