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Business Loans
Features & Benifits
At ABN AMRO, we offer you a tailor-made credit facility, specifically designed to meet your business needs. Straightforward and with minimal obligations, this is an excellent opportunity for you to acquire the extra finances that you need.
Collateral free loan upto 25 lacs
Flexible repayment options, ranging from 12 to 48 months
Speedy loan approval
Attractive interest rates
Convenience of service at your doorstep
Eligibility
Sole Proprietorships running their businesses as retailers, wholesalers, entrepreneurs, manufacturers, traders etc.
Non individual partnership & private limited companies that are operating a business as manufacturers, exporters etc.
FAQ
How much can I borrow?
The minimum loan amount is Rs. 75,000 and the maximum loan amount could be up to Rs. 25, 00,000 based on the Bank's qualifying criteria.
How do I repay my loan?
You have a easy repayment option through, Equated Monthly Installments (EMI) with post-dated cheques or direct debit to your bank account.
Do I have an option of pre–paying my loan?
Yes. ABN AMRO offers you the flexibility of prepaying either a part of your outstanding loan or your entire loan by paying a nominal charge of 5% of your outstanding loan amount.
As a special feature, if your loan with us is over one year old, we offer you a unique benefit of prepaying up to 25% of your outstanding at no extra cost once every calendar year.
Okay! I am interested. How do I apply for an ABN AMRO Business Loan?
Simple! Just call any of our branches at the Bank by Phone numbers and we shall send across our representative to complete the application formalities.
You may also choose to walk into our branches and meet up with any of our customer service executives.
This section answers some of the questions you may have about ABN AMRO Business Loans. In case you need to know more, just call us and we shall have our representative over at your home or office to guide you through the application process.
Please note: All Loans will be the Sole Discretion of ABN AMRO Bank and the Bank reserves the right to accept or reject any application without assigning any reason thereof. Terms and conditions for the ABN AMRO Business Loans are subject to RBI guidelines and / or Bank policies and are subject to change without notice.
What are the interest rates on Business loans?
Please Click here for the Schedule of Charges & Interest for Business Loans
BUSINESS LOANS
Regular Business Loans 19% to 23%
Surrogate Business Loan 19% to 23%
Disclaimer
The rate of interest mentioned above are the standard and average rates under standard income criteria for each class of borrowers and shall be higher/lower depending on the parameters which are met by the customers. They would also vary by tenor. These rates are currently applicable and can be changed any time from time to time, at the sole discretion of ABN AMRO Bank and without any prior or post notice to the customer and such changes shall be final and binding on all customers of ABN AMRO Bank. |
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