Lakshmi Business Credit

• This is a convenient loan scheme designed for the trading community for quick and hassle free loans to meet their financial needs. Lakshmi Business Credit can be availed by all kinds of traders such as Department stores, Wholesalers, Retailers, Distributors, Jewelers and Grocery Merchants etc.

Salient Features of Lakshmi Business Credit

• Quick processing.
• Minimum formalities.
• Operational Convenience.
• Competitive interest rates.
• Against security of stock and book-debts/ immovable property/ NSC / KVP / LIC Policies/ Deposits in LVB.
• Suitable for traders with good track record.

Eligibility

• Individuals
• HUFs
• Proprietorship/partnership (both registered and unregistered)
. Private/public limited companies and other legally permissible entities.

Loan Limit

• Maximum of Rs.100 Lacs

Interest

• Base Rate + 4.75% (PER 13.50% p.a)

Type of Facility

• Available either as 
a) Demand Loan - Repayable in monthly installments
b) Secured Overdraft - Renewable every year
c) Combination of both