| Loan Type | Term loan |
|---|---|
| Purpose | Capital expenditure / Purchase of Machinery / Equipments/expansion of business / Technology up-gradation |
| Eligibility | For Proprietorship, partnership, Pvt Ltd., Public Ltd. Companies, Small traders, Prof.& self employed |
| Loan Amount | Need based - within the Bank's Exposure limit |
| Margin | 40 % in favour of Bank |
| Mode Of Repayment | Standing Instruction from existing Current Deposit/Cash Credit/Overdraft of the Borrower with us. |
| Repayment Period | Maximum of -84/120 – months. |
| Roi | As per Bank's policy (Minimum 10.50 % to Maximum 13.50% * Terms conditions apply) |
| Security | Mortgage of Immovable property |
| Guarantors | One guarantor acceptable to bank ( additional guarantor to be provided if required) |
| Collaterals | If required by bank case to case basis |
| Processing Fees | 0.50% of sanctioned loan amount |
| Other Charges | As per Bank's policy |
| Banks Shares | 2.5 % of the loan amount |
| Prepayment Charges | No pre closure charges |