MSME Business Account
BODY: We can’t wait for your business to get to the next level. So, we provide the best banking, tools and advisory services throughout its lifecycle: start, gain traction and scale-up.
The proposition is categorized into 3 different groups:
- Heritage MSME Business Classic with a maximum annual debit transaction of 50M
- Heritage MSME Business Pro with a maximum annual debit transaction of 100M
- Heritage MSME Business Premium with a maximum annual transaction of 250M
Account opening amount and minimum balance for each Heritage MSME Business category is as follows:
- Heritage MSME Business Classic 25,000
- Heritage Business Pro 50,000
- Heritage MSME Business Premium 100,000
FEATURES AND BENEFITS
- A Current Account with Zero COT
- Overdraft facility is 25% of the 6months average monthly turnover and limited to the Heritage MSME Business Category amount.
- Higher credit such as LPO financing term loans etc., are available but will have to pass through applicable credit process.
- Easy access to Free POS Terminal.
- Easy access to (collateral free) loan
- Advisory Services
- Access to Credit Life Assurance protection against the borrowed funds.
- Low transactional cost i.e. Zero COT
- Easy access to collateral-free overdraft (which is a % of your 6months average turnover
- Easy access to other higher credit facilities giving you the opportunity to acquire assets for the business.
- Free deployment of Point of Sale (POS) Terminal which reduces the cost of handling cash and convenience of cashless trading.
- Access to Advisory Service from appointed consultants, which will help you develop competitive edge business skill.
- Credit Life Assurance cover on borrowed funds in case of default via death or physical disability.
- Regular networking events.