SME's Finance

Loan and Advances

1. Term Loan
BDFI Term Loan program is designed to provide business entity with loan facility to mainly finance their fixed assets requirement or any other requirement which may arise in course of business operation. Repayment Installments is designed to suit the nature of business and the repayment capacity of the business entity.

Highlights

• Loan amounts 500,000 – 7,500,000
• Turn Around Time – 7 days from the receipt of application along with the required documents.
• A moratorium period of 6 months in case of construction, expansion or diversification.
• Flexible repayment terms that meets your need and ability to repay.
• Processing Fee – 1% of the approved loan amount.
• Even after repaying certain principal portion of the approved loan amount the client may be entitled to utilize the repaid amount again depending upon your need just by paying 0.5% processing fee on the amount to be used.
• Financing upto 80% of the project cost
• Loan Tenor – Maximum 7 yrs from the date of final disbursement of the total loan amount.
• Prepayment – Any prepayment applied shall be negotiated with the client in advance and will be mentioned in the offer letter.
• Interest payment option – Monthly or Quarterly depending upon the nature of business .
• No Applicant Fee.

2. Working Capital/ Short Term Loan
BDFI Working Capital Loan facility is for providing business entity with facility mainly to meet their day to day working capital requirement of their business unit. This types of loan will also be provided to Importers and Exporters in the form of Export Loan / Trust Receipt Loan.

Highlights

• Loan amounts 500,000 – 7,500,000
• Turn Around Time – 7 days from the receipt of application along with the required documents.
• Yearly renewal of the loan facility depending upon the performance of the business entity.
• Processing Fee – 1% of the approved loan amount.
• Monthly / Quarterly Interest Payment Option.
• No Applicant fee.
• Loan Tenor – 12 months , Renewable yearly at the sole discretion of the management.
• Prepayment allowed.

Overdraft
Overdraft is a type of facility which is provided to a business entity or a individual where they can issue a cheque / overdraft despite having no credit balance available in their account for meeting their day to day working capital requirement.

Highlights

• Loan amounts 500,000 – 7,500,000
• Turn Around Time – 7 days from the receipt of application along with the required documents.
• Yearly renewal of the loan facility depending upon the performance of the business entity.
• Processing Fee – 1% of the approved loan amount.
• Monthly / Quarterly Interest Payment Option.
• No applicant fee.
• Loan Tenor – 12 months, Renewable yearly at the sole discretion of the management.