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Business Loan FAQs

Power up your business with our comprehensive business loan FAQs. Access clear answers to secure the most suitable financing solutions for your business needs.

What is the loan term for a Repair/Top-Up Loan?

  • Posted:2nd July, 2025
  • Updated:3rd July, 2025
The loan term for a Repair/Top-Up Loan typically ranges from 12 to 60 months, depending on the loan amount and the financial institution’s policy.
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How long does the approval process take for a Repair/Top-Up Loan?

  • Posted:2nd July, 2025
  • Updated:3rd July, 2025
The approval process for a Repair/Top-Up Loan typically takes between 3 to 7 working days.
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Is there a minimum credit score required for a Repair/Top-Up Loan?

  • Posted:2nd July, 2025
  • Updated:3rd July, 2025
Yes, most financial institutions require a minimum credit score for a Repair/Top-Up Loan.
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Are there any fees associated with a Repair/Top-Up Loan?

  • Posted:2nd July, 2025
  • Updated:3rd July, 2025
Yes, there may be fees associated with a Repair/Top-Up Loan, including.
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Is collateral required for a Repair/Top-Up Loan?

  • Posted:2nd July, 2025
  • Updated:3rd July, 2025
Collateral for a Repair/Top-Up Loan depends on the type of loan.
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What is the interest rate on a Repair/Top-Up Loan?

  • Posted:2nd July, 2025
  • Updated:3rd July, 2025
The interest rate on a Repair/Top-Up Loan depends on several factors.
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How much can I borrow with a Repair/Top-Up Loan?

  • Posted:2nd July, 2025
  • Updated:3rd July, 2025
The loan amount you can borrow with a Repair/Top-Up Loan depends on several factors.
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