Other Loans
A Merchant Welfare Loan designed to support small or medium-sized business owners-especially those operating in retail, trade, or service sectors. These loans are often structured to help merchants improve their business operations, manage working capital etc.
Target Group-Small shop owners, Service providers, MSMEs (Micro, Small, and Medium Enterprises)etc.
Purpose: Inventory purchase, Equipment upgrades, Business expansion
Repayment Terms: Daily/EMI
Collateral- No collateral needed, Require a guarantor
Documents Needed- Business registration/license, Bank statements, PAN/Aadhaar, Proof of business address
Application Process- Credit evaluation and KYC, Loan disbursal (Approved often within 1 to 2 days)