Mortgage term loan
| For For Proprietorship, partnership, Pvt Ltd., Public Ltd. Companies, Small traders, Prof.& self employed | |
|---|---|
| Type of loan | Term loan |
| Purpose | Capital expenditure / Purchase of Machinery / Equipments/expansion of business / Technology up-gradation |
| Repayment | Maximum of -84/120 – months. |
| Mode of Repayment | Standing Instruction from existing Current Deposit/Cash Credit/Overdraft of the Borrower with us. |
| Margin | 40 % in favour of Bank |
| Rate of interest | As per Bank's policy (Minimum 10.50 % to Maximum 13.50% * Terms conditions apply) |
| Who can borrow | For Proprietorship, partnership, Pvt Ltd., Public Ltd. Companies, Small traders, Prof.& self employed |
| Loan amount | Need based - within the Bank's Exposure limit |
| Security | Mortgage of Immovable property |
| Collateral | If required by bank case to case basis |
| Guarantors | One guarantor acceptable to bank ( additional guarantor to be provided if required) |
| Subscription of bank's shares | 2.5 % of the loan amount |
| Processing charges | 0.50% of sanctioned loan amount |
| Other charges | As per Bank's policy |
| Pre-payment charges | No pre closure charges |
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CASH CREDIT LOAN
12.5% for Stock & Book Depts, 12% for Stock, Book depts & 60% Colleteral
EDUCATION LOAN
To meet expenses for pursuing higher Education , at India or abroad. Graduation / post-gradution / medical Dental / engineering / management / law Pilot / air hostess | 10.75 % to 12.00 %