Term Loan & Industrial Loan

Loan available under this scheme is for short term trade financing, mid-term trading, industrial working capital, factoring, and financing heavy equipment/machinery etc.

Loan Amount
Minimum of Rs. 100,000.00 to maximum of Rs. 5,75,00,000.00.

Tenure
Any period between 12 to 60 months.

Interest Rate
17% (in diminishing balance)

Security
As per company rules

Processing Fee
One time service charge (non-refundable) 1% on the loan amount.

Mode of Re-payment
Monthly and quarterly installments.

Documentation Required

• Certified copy of no objection certificate of the industry location.
• Certified copy of place of business, registration papers etc.
• Recent passport size photograph
• Citizenship
• Companies, Memorandum and article of association, at least two years audited balance sheets and P/L accounts. Income tax documents. Tax papers, registered with VAT.
• Board resolution authorizing one executive to deal on behalf of the company.
• Third party personal or corporate guarantees.
• Necessary security documents. E.g. lalpurja, tiro raceed, napi naksa, char killa pramanit chhithi etc.