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

                                  Click here to know more 

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.

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Interest method:        Diminishing Method

Processing Fees:       Nill

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