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
|
| 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 |
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| 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 | |