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What is the maximum amount that I can get?

You can get any amount ranging from Rs. 50,000 to Rs. 2 million depending on the bank’s assessment of your income level and financial capacity.

Is there any pre-payment penalty?

Yes, if you want to terminate this facility your bank will charge you a fee.

How can I repay the amount I use?

You can make repayments using;

  1. Interbank Funds Transfer (IBFT)
  2. Cheque
  3. Cash
  4. Drop Box placed in branches
What is the tenure of this facility?

Running Finance Facility is typically offered for one year; it is reviewed and renewed at the end of the year.

How many days does it typically take to process my case?

Your case will typically be processed in 10 days time from the date all documents have been submitted.  

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