Secured Business & Personal Loan (SBPL)
Grow your business with Secured Business Loans
India has a sizeable segment of micro-enterprises that lack access to formal sources of credit and are funded majorly by unorganized sources such as chit funds, local money lenders and even family and friends. Considering this opportunity, Chola has launched the SBPL vertical to better enable this segment of customers.
The offerings by SBPL are best suited for self-employed, non-professionals in the businesses of trading, manufacturing and services i.e. businesses with regular cash flows that need funds for day-to-day operations and business improvements.
- Secured business loan with self-occupied residential property or commercial-cum-residential property as collateral
- Loan offering of up to INR 15 lakhs with maximum tenure of 120 months
- Range of product schemes that assess credit eligibility on the basis of cashflow, ITR, assets created or average bank balance
Loans offered for:
- Expansion of shop/ business
- Investment in shop/ business
- Home/ shop improvement