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 :
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.
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.
First charge on the fixed assets acquired through the loan amount