Standard Chartered Bank provides business loans to Micro and Small Enterprises (MSEs). The loan amount can be used to establish or expand trade, service or manufacturing business. Standard Chartered offers business loan at an interest rate of 17.25% onwards.
|Standard Chartered Bank Business Loan – 2020|
|Maximum Loan Amount||Up to Rs. 75 lakh|
|Interest Rate||17.25% p.a. onwards|
|Repayment Tenure||Maximum up to 60 months|
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges