Business Loan with drop down feature
Barclays introduces ‘Drop down Facility’, a first of its kind in the Business Loan category. Through this facility you can benefit by lowering the interest rate for the remaining tenure of your loan by repaying all your EMI’s on time.
- In the dropdown facility, Interest rates are reduced by 1% each after 12 and 24 months on repayment of all EMI’s within due dates
- Rate reduction of up to 2% available in this program
Benefits:
You can enjoy lower EMI and reduced interest outgo simply by repaying in time.
| Particulars |
Normal Business Instalment Loan |
Drop Down |
| Loan Amount |
2000000 |
2000000 |
| ROI |
18.00% |
18.00% |
| ROI after 12 months |
18.00% |
17.00% |
| ROI after 24 months |
18.00% |
16.00% |
| Loan Tenure (months) |
36 |
36 |
| EMI (Rs.) |
72,305 |
72,305 |
| Total interest Repaid 24 months(Rs.) |
602,972 |
581,759 |
| Savings on Interest in 24 months (Rs.) |
- |
21,213 |
Please Note:
- The above numbers are indicative, do not represent our views on interest rate scenario and are dependent on your repayment behaviour.
- The drop down benefit in interest rate is applicable only if you pay all EMIs on time
- Terms and Conditions apply. Sanction and disbursement of the credit facility shall be at the sole discretion of the Bank.
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To apply now:
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| On being contacted a Barclay’s representative will visit you to talk you through the finer details of our loan program. On receiving the completed application form with the necessary documents, we shall endeavour to process your loan application within 7 working days. |
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