SME Open Term Loan - Business
SME OPEN TERM LOAN
Purpose : The main feature of the product is that the disbursal of limits need not immediately follow its sanction; but can take place at a point of time chosen by the borrowers subject to the same being within the currency of sanction. The borrower can avail the facility multiple times within the currency of sanction subject to the total utilisation being within overall sanctioned limit.
Any genuine commercial purposes in the same line of activity, with regular business, of the customer are funded.
Last Updated On : Friday, 08-07-2022