Small Business Loan is a product which is offered to male and female entrepreneurs. The loan is for existing business expansion only.
Loan ceiling (1st loan) | SLL 4,000,000 - 50,000,000 |
Follow-on loan | SLL 10,000,000 |
Insurance / loan processing fees | Applicable |
No. of installments | 8 Instalment (monthly) |
Loan duration / period | 8 months / 32 Weeks |
Processing time for 1st loan | 1 week |
Grace period | Weekly: 1 week, Monthly: 0 |
Age limit | 25 - 55 |
Maximum loan limit | SLL 50,000,000 |
Collateral requirement | Applicable |