Gayatri Saral Term Loan

Facility:                              Working Capital Loan OR Term Loan

Purpose:                             For Acquisition of machinery / equipment

Eligibility :                 

Small Scale Industry / Small Business Finance

Security:

Primary: Hypothecation of Stocks/Machines/Equipment financed

Collateral: Mortgage of Immovable property

Rate of Interest:                13.00% PA  

                                             Click here to know more.

Loan Limit:                         Maximum Rs.15.00 Lacs

Guarantor:                          Government Employee/ I.T Assessee

Repayment:                     

» For Term Loan 60 Equated Monthly Installments,

» For Working Capital Loan sanctions period One (1) Year. (Wherever desirable the working capital loan repayable in EMI’s can also be recommended).

Interest method:                 Diminishing Method

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Basic Documents:                 

» KYC documents of Borrowers and Guarantors.

» Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year.

» Title Deeds of the property offered as security

» Other Documents As required.

Processing Fees:                Nill

Terms & Conditions:          As per Bank’s Loan Policy.

Other Related Types

Gayatri Mortgage Term Loan

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Gayatri Saral Asara Loan

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