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.
Minimum of Rs. 100,000.00 to maximum of Rs. 5,75,00,000.00.
Any period between 12 to 60 months.
As per company rules
One time service charge (non-refundable) 1% on the loan amount.
Mode of Re-payment
Monthly and quarterly installments.
- Certified copy of no objection certificate of the industry location.
- Certified copy of place of business, registration papers etc.
- Recent passport size photograph
- 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.