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.
Capital expenditure, acquisition of fixed assets like purchase of machinery / equipment’s, expansion, modernization / technology up- gradation activities etc.
Need based– within the bank’s exposure limit.
As per Banks policy from time to time.
Maximum up to 7 years.
Linked with PLR As per Banks Credit rating
Firm engaged in trade, commerce & business professionals, Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies.
First charge on the fixed assets acquired through the loan amount
If required, on case to case basis.