|| For purchase of new Machinery/Equipment
|| Manufacturing Units, Service Provider
- 70% of the Machinery / Equipment quotation value.
- 75% of the Machinery/Equipment quotation value eligible under TUF/Capital Subsidy.
- 30% of the Machinery/Equipment quotation value
- 25% of the Machinery/Equipment quotation value eligible under TUF/Capital Subsidy
|| Maximum 60 to 72 months
|Rate of interest
- For Credit Exposure below Rs. 100 Lacs - * 11.00% to 11.25%
- For Credit Exposure above Rs. 100 Lacs – 10.00% - 12.00% (Eligible for Credit Rating for Interest Concession/Rebate)
with rating AAA - 10.00%
with rating AA - 10.50%
with rating A - 11.00%
with rating B - 11.50%
C (Not Eligible) - 12.00%
* 1) Applicant/ its associate concern must be engaged into this business for more than 3 years.
2) Min. 30% net owned funds contribution (Quasi capital)
3) Min. 100% collateral security coverage and
4) It must be profit making unit.
||click to view processing charge.
- Upto loan amount is upto Rs. 200 Lacs – 1% of the the loan amount (Maximum – Rs. 0.25 Lacs)
- Upto loan amount is above Rs. 200 Lacs – 1% of the the loan amount (Maximum – Rs. 2.00 Lacs)
|| Two guarantors possessing the property & also the Income Tax payer.
|| Hypothecation of Asset Financed & Collateral Secuirty in the form of Mortgage of Immovable Property.