Term Loan

The bank provides term loan facility for capital expenditure, acquisition of fixed assets like purchase of machinery/equipment’s, expansion, modernization/technology up-gradation activities etc. These loans are primarily secured by way of first charge on the fixed assets acquired through the loan amount and suitable collateral security.

Type of Loan :

  Term Loan.

Purpose :

  Capital expenditure, acquisition of fixed assets like purchase of machinery / equipment’s, expansion, modernization / technology up- gradation activities etc.

Loan Amount:

  Need based– within the bank’s exposure limit.

Margin :

  As per Banks policy from time to time.

Repayment :

  Maximum up to 7 years.

Rate of Interest :

  Linked with PLR As per Banks Credit rating

Who can borrow?

  Firm engaged in trade, commerce & business professionals, Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies.

Prime Security:

  First charge on the fixed assets acquired through the loan amount

Collateral Security:

  If required, on case to case basis.