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Without initiating any security the bank may
grant loans to business people is a clean loan.
Eligibility:
For granting such kind of advance is fully on Bank's sole
discretion, the bank may reject any request for such kind of
advances.
The bank may taken in to consideration the following facts
- Credit worthiness
- Reputation
- Capacity of the borrower to repay the loan in a
stipulated time.
- Any third party guarantee for the borrower.
- Monthly /Yearly earning capacity of the borrower.
These kinds of loans are are sanctioned occasionally and
the account will come in to credit balance frequently. This
kind of loans are for seasonal requirements should not be
allowed to continue indefinitely without security.
For further clarifications and your business needs kindly
contact the nearest City Union Bank Branch.
To know the nearest branch
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