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Loan Against Bank Guarantee or Fixed Deposits

Products

Loan Against Bank Guarantee or Fixed Deposits

Overview

Loan Against Bank Guarantee or FD is a financial offering through which customers can avail loans by providing either a Financial Bank Guarantee in favour of UGRO Capital Ltd or a Fixed Deposit (FD) which is marked as a lien to UGRO.

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Up to Rs. 3 Cr

Loan Amount

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Minimal Documentation

Product Specifications

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Business Loans up to 3cr

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Loan against Bank Guarantee or Fixed Deposit as collateral

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Maximum loan amounts up to 125% of BG/FD value

Product Benefit

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Flexible option to avail the funds as Term Loan and/or Working Capital Limit

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Higher repayment tenor up to 180 months

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Quick Approvals via Score-Based Assessment

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Digital & Minimal Documentation

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Documents Required

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KYC & PAN

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Business Vintage proof

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Latest Bank Statement or GST Returns

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Udyam Registration Certificate

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Copy of Bank guarantee (BG) or Fixed deposit (FD)

Loan Against Bank Guarantee or Fixed Deposits process

You can apply for a Loan Against Bank Guarantee or Fixed Deposits by following these three simple steps:

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Step 1

Click on Apply Now and enter your contact details.

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Step 2

Enter your annual business turnover and other business details.

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Step 3

The application will then proceed for verification and assessment

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