|Purpose||For acquisition / refurbishing of Fixed Assets / Working Capital Requirement / Take Over of existing facilities from other financial institutes.|
|Eligibility||Individual/s, Sole Proprietary Concern, Partnership Firms, Limited Companies|
|Maximum Loan Amount||As per requirement of business subject to Bank’s exposure limit.|
|Margin||[a] Working Capital : 30% on Paid Stocks, 40% on Book-Debts not exceeding 90 days old.
[b] Term Loan : 25% on Fixed Assets acquired.
[c] Property Mortgage Loan : 50% on Market Value of Property offered as Security.
|Repayment Period||[a] Working Capital : 1 year subject Annual Review
[b] Term Loan : Maximum 7 years.
|Rate of Interest||10.70 % onwards|
|Security||Principal : Hypothecation of Stocks / Book-Debts / other Current Assets
Working Capital : Hypothecation of Machinery / Other Fixed Assets, Mortgage of Immovable Properties
|Guarantators||Two Guarantors acceptable to Bank.|
|Collaterals||Market / realizable value equivalent to 100% of Credit facilities in the form of Properties / paper Securities.|
|Processing Charge||0.20% to 0.50 %|
|Subscription of Bank's Share||2.5% Max Rs.5.00 lacs|
Terms & Conditions Apply.
Visit nearest branch for more details.
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