- JUL 12 2022

Is a guarantor required for availing Business Loans?

  • One Co-applicant is mandatory for all types of Business/MSME loans in the name of individuals and sole proprietorship concerns. Spouse/Family Member can be a co-applicant/Guarantor.
  • Personal guarantee of all partners in partnership firms and major Directors in the case of companies.
  • Owner of property shall invariably join as co-applicant.