WORKING CAPITAL & TERM LOANS
Purpose:

• Production and Service Development

Eligibility

• Manufacturer and Persons engaged in service industries ( Ex. Hospitals)

Margins:

• For Machinery and Equipments -  25 % ( Depending upon the nature of equipment/ Machinery)
• For Electrical Equipment – 25% to 50%
• For Factory Shed and Building – 25% to 50%

Rate of Intrest

• Different rates upto Rs. 10.00 Lacs and above Rs. 10.00 Lacs

Repayment:

• In case of Term Loan :
• 84 Months including moratorium.

Eligibility:
Limits are extended to traders and manufacturers for

• Trading activity - Open Cash Credit (OCC)
• Manufacturing Activity - Small Scale Cash Credit (SSCC)

Purpose: 

• Business Development.

Security:
Primary:

• Hypothecation Stocks
• Assignment of receivables ( Not exceeding 40% of Total Limits Sanctioned at any point of time)

 Collateral:

•  Mortgage of immovable property/ies (In case the limit is more than Rs. 5 Lacs )
•  Personal Guarantee of One / two persons.

 Amount of facility:

• Depending upon the constitution of the applicant / borrower as per his eligibility.

Margins :

• Raw Material – 25%
• Stocks in proccess – 25% to 40%,
• Finished Goods -  25% to 30%
• Stocks in trading activity – 25% to 50%,
• Book Debts ( Receivables)  - 25% to 50%
• Maximum amount of limit against book debts (Out of total sanctioned limit) –  Not exceeding 40% of limit sanctioned at any point of time.

Rate of Interest
Different rates upto 10 lacs and above 10 Lacs.

Validity: 
12 months for limits.

LOANS AND LIMITS AGAINST IMMOVABLE PROPERTIES

 

Mortagage Loans , Overdraft against other securities, Mortagage Loans and rent securitisation scheme.
ELIGIBILITY

• Individuals / Proprietary / Partnership Firms and joint stock companies are eligible under the scheme.

SECURITY

• Primary :
  • Immovable property other than agriculture land.
  • Future rent receivables.
• Collateral:
  • Personal Guarantee of third party and / or owners of properties offered as security

MARGIN

• On Purchase / Construction of Open Plot / Commercial Property – 25% to 50%
• On Sale consideration OR Distress Value of the property - 30% to 50%
• On rent receivables – 10% to 20%

RATE OF INTEREST

• Different rates upto 10 lacs and above 10 Lacs.

PURPOSE

• Under rent securitisation scheme
• For Business Development
• Other purposes.

AMOUNT OF FACILITY

• Minimum 0.50 lacs, Maximum depending up on the scheme and constitution of the applicant as under:
  • Individuals / Proprietary Firms Rs 1000 lacs
  • Partnership firms , Trusts, Societies – Rs. 1000 Lacs
  • Public / Private Limited Companies – Rs. 1500 Lacs

REPAYMENT / VALIDITY PERIOD:

• Limit 12 months
• Loan maximum 120 Months including moratorium period.