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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.

Are Repair/Top-Up Loans available for vehicle fleets?

  • Posted:2nd July, 2025
  • Updated:3rd July, 2025
Yes, Repair/Top-Up Loans are available for vehicle fleets.
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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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