

Term Loans
Loan Product Name | Term Loan Misc | Gayatri Saral Term Loan | Gayatri Mortgage Term Loan | Gayatri Saral Asara Loan |
---|---|---|---|---|
Facility | Term Loan | Term Loan | Term Loan | Term Loan |
Eligibility | Individual or Firm | Individual or Firm | Individual | Individual |
Purpose | For purchase of high ended equipment | For Acquisition of machinery / equipment | Business Development/ Personal Needs | General Purpose like Children education, marriage, Housing etc |
Security | Mortgage of Immovable Property | Primary: Hypothecation of Stocks/Machines/Equipment financed, Collateral: Mortgage of Immovable property | Mortgage of Immovable Property | Mortgage of Immovable Property |
Rate of Interest | 12.00% PA | 13.00% PA | 13.00% PA | 13.00% PA |
Loan Limit | Maximum Rs.500.00 Lacs | Maximum Rs.5.00 Lacs | Maximum Rs. 10.00 Lacs | Maximum Rs. 100.00 Lacs |
Guarantor | Government Employee/ I.T Assessee | Government Employee/ I.T Assessee | Government Employee | Government Employee/ I.T Assessee |
Max Loan period | 5 Years | 3 Years | 5 Years | 5 Years |
Repayment | - | - | - | - |
Interest method | Diminishing Method | Diminishing Method | Diminishing Method | Diminishing Method |
Margin | - | - | - | - |
Processing Fees | Nil | Nil | Nil | Nil |
Basic Documents | ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() |
Terms & Conditions | As per Bank’s Loan Policy. | As per Bank’s Loan Policy. | As per Bank’s Loan Policy. | As per Bank’s Loan Policy. |