General Purpose Term Loan

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General Purpose Term Loan

Objective : To provide Pre approved limit for multipurpose needs to entrepreneurs:

  1. Expansion & Modernization
  2. Substitution of high cost debts / high cost term debts of other Banks / FIs.
  3. Up-gradation of technology & energy conservation schemes / machinery.
  4. Design and introduction of new layouts in the factory to enhance productivity.
  5. Acquisition of software, hardware, consumable tools, jigs, fixtures etc
  6. Acquisition of ISO and other similar certifications.
  7. Business visits abroad for technology, finalizing business deals, participating in exhibitions / fairs for market promotion etc.
Features
Eligibility : Existing or New Corporate / Non Corporate customers of SME (both manufacturing and services sector)
Quantum of Loan : Maximum : `250 lacs for Manufacturing
`100 lacs to Services
Repayment : Working capital loans is valid for 12 months
Term Loan 36 to 60 Months including moratorium period
Margin : 15%
Security : Primary : Hypothecation / extension of Hypothecation charge over the current assets and fixed assets and or Pledge of machinery / assets

Collateral :

  1. Extension of charge over current assets
  2. Obtention of additional tangible security wherever possible viz. immovable properties / bank deposits etc. to be explored.
  3. Personal guarantee of Proprietors / partners / promoters
Interest Rate : CLICK HERE to view Interest Rates
Processing Fee
[Working Capital Loans]		 : CLICK HERE to view Processing Fee
Up-Front Fee
[Term Loans ]		 : CLICK HERE to view Up-Front Fee
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