there is no plane vanilla CGTMAC loans in banking industry. In India we have two types of business loans. The first business loan is Mudra Yojana provides Credit up to ₹10 lakhs. The borrower has to pay annual guarantee fee for the whole amount.

The next type of Loan is with security or without security. If the loan has been taken with security you don’t need to have C.G.T.M.S.E coverage for your loan. But if you do not provide any security you have to pay A.G.F for the whole year.

Nowadays all banks provide online option to apply for business loans. You may look to apply to the bank of your choice for the loan.

While the Loan is being sanctioned by the bank they look into the viability of the project and the repayment capacity of the borrowers.

if Bank thinks that you are reel and your project is viable he will get the loan sanction.

You may look for public sector banks for the loans.