Industrial loans

Industrial Loans

Stepping in to Facilitate your Business Expansion Plans

Different industries have different requirements. We offer you customized financial solutions as per your industry specifications. Special teams are assigned for each industrial group thus making everything more convenient for you. So be it your expansion plan or other investment requirements, we step in to help you anytime.

Term Loan

Invest in your Business with our Term Loan

SME Finance – Term Loan
Who can Borrow Firm engaged in trade, commerce & business professionals, proprietary firms, partnership firms, companies
Type of Loan Term Loan
Purpose Business Transactions. Purchase of Land & Building, Machinery, Furniture etc. and construction of factory.
Security Mortgage of Land & Building, Hyp. of Plant & Machinery, Furniture & Fixtures, Electrical fittings
Margin 25 – 40 % of the project cost / Purchase cost
Repayment EMI based upto 7 years
Rate of Interest As applicable from time to time
*Conditions Apply

 

Lease Rent Discounting

Raise Funds with your Self-Owned Commercial Property

LEASE RENT DISCOUNTING (LRD)
Who can Borrow Proprietary firms, partnership firms, Pvt & Public Ltd companies
Type of Loan Term Loan
Purpose Business Needs
Security Mortgage of immovable properties
Margin 25% to 40%
Repayment Escrow mechanism by way of direct collection of Lease Rentals in Banks favour
Rate of Interest As applicable from time to time
*Conditions Apply

 

Asset Finance Scheme

Increase your Business Prospects with our Asset Finance Scheme

ASSET FINANCE
Who can Borrow People engaged in trade, commerce & business professionals, proprietary firms, partnership firms, companies except stock/share broker/s
Purpose To provide additional cash flow for the following purpose

  1. In order to increase business
  2. For payment of unsecured loans / Creditors
  3. For payment of retiring director / partners
Limit Rs.5000 Lacs
Security Existing assets of firm / company viz. land & building, plant & machinery
Margin 25% – 40% of the valuation
Repayment 5-7 years, as per Credit policy
Rate of Interest As applicable from time to time
*Conditions Apply

 

Women Entrepreneur

Financing the Entrepreneur in You

omen Entrepreneur
Facility Cash Credit / Overdraft / Term Loan
Loan limit Minimum Rs 5 lacs Maximum Rs 50 lacs
Purpose Working capital or purchase of commercial property or business development by way of renovation / expansion etc.
Primary Security Cash Credit: Hypothecation of stock and book debts

Overdraft / Term Loan: Equitable/ Registered mortgage of property preferably owned by the applicant / partner/s/ promoters / their family members

Collateral security CC: Minimum 50% of the limit. Personal guarantee of property owners is must.

Overdraft / Term Loan: NIL. Personal guarantee of property owners is must.

Margin Cash Credit: 25% against stock (net of creditors) and book debts (upto 90 days)

Overdraft / Term Loan: 25% of the agreement value / market value of the property.

Repayment period Cash Credit / Overdraft: Annual renewal is necessary.

Term Loan: 60 months (maximum). Annual review is necessary

Eligibility
  • Individuals / proprietory firm / registered partnership firm, Pvt ltd, Ltd companies, LLP where the business is run by Women entrepreneurs / partners / directors.
  • The business unit should have been established in the line of business for a minimum period of 3 years and making profit for last 2 years.
  • The premises where business is carried out is owned by the applicant borrower / family members.
  • The area of proponent’s / borrower’s operations should be within a radius of 5 km from the branch.
Rate of interest As applicable from time to time
Membership Borrower to become regular member/s by way of share linkage.Guarantor/s to become nominal member/s.
Guarantors 2 guarantors.
*Conditions Apply

 

Name
This field is for validation purposes and should be left unchanged.