Term Loan Misc
Facility: Term Loan
Eligibility: Individuals, Firms, Private Limited / Limited Companies, Societies, Trusts
Purpose:
Purchase Of Machinery And Fixed Assets, Manufacturing Units, Processing Units And For Working Capital Requirement, Construction Of Industrial Sheds, Commercial Establishments, For Purchase High Ended Equipment Etc.,
Security
Mortgage of Immovable Property
Rate of Interest: 11.00% PA
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Loan Limit: Maximum Rs.500.00 Lacs
Max Loan period: Up to 180 months period excluding moratorium period.
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.
Interest method: Diminishing Method
Processing Fees: Nil
Terms & Conditions: As per Bank’s Loan Policy.