TERM LOAN

We offer Term Loan facility for capital expenditure, acquisition of fixed assets like purchase of machinery/equipments, expansion, modernization/technology upgradation etc. These loans are primarily secured by way of first charge on the fixed assets acquired through the loan amount and suitable collateral security.

Purpose:
Capital expenditure, acquisition of fixed assets like purchase of machinery/equipments, expansion, modernization/technology upgradation etc.
1. Special interesr rate for priority sector lending.

** "Conditions Apply. Loan at sole discretion of the Bank."

Repayment:
5-7 years

Margin :
Minimum 25%

Maximum Loan Amount Limit :
Rs 13.75 Crore subject to Bank's Exposure Norm

Minimum Loan Amount Limit :
Need Based

Eligibility :
Proprietorship, Partnership, Pvt. Ltd. and Public Ltd. Companies,LLP

Security - Prime
Bank's first charge on the fixed assets acquired through the loan provided by Bank

Security - Collateral :
Min. 40%

Subscription to Bank's Share - Membership: 2.5 % of Loan amount (Max Rs 5.00 Lac per entity)

Processing fee : 0.70% of loan amount (excluding service tax)
Guarantors Guarantors acceptable to Bank having Means & income.

As Applicable.