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Revolving Loan

Revolving Loan

It is a loan that you can use to meet your short term cash needs within the limits granted against collateral.

You can make your loan application through our nearest branch.

Features

  • Money can be withdrawn and transferred from the account anytime within the limits.
  • The interest rate is not fixed. It is calculated for the number of days the loan is utilized.
  • Maximum term is 1 year.
  • The loan can be closed anytime during the term, with interest paid only for the loan amount and number of days the loan is used.
  • With loan repayments every three months, it provides convenience in terms of cash flow. The repayments are made at the end of each period (March, June, September, December)

Who can take advantage of this product?

  • SME's 
  • Commercial companies 
  • Corporate companies