| |
Particulars |
| Purpose |
For purchase of new machineries /equipments |
| Eligibility |
(i) For S.S.I units, Traders |
| Loan Amount |
70% of quotation of Machineries |
| Margin |
30% of quotation of Machineries |
| Repayment Period |
Maximum 60 to 72 months |
| Rate of interest |
13.00% P.A at monthly rest (Eligible for credit rating if disbursement amount is above Rs.25.00 lacs )
Subject to change at the discretion of Bank |
| Processing fee |
click to view processing charge. |
| Share linking |
Up to Rs.2.00 crore -2.5% of the loan amount sanctioned
Above Rs.2.00crore –1% of the loan amount sanctioned |
| Guarantee |
Two guarantor possessing property and also Income tax-payer |
| Security |
Hypothecation of Machineries and collateral security in Form of mortgage of immovable properties |
