Machinery Loan

Particulars
Purpose  For purchase of new Machinery/Equipment
Eligibility  Manufacturing Units, Service Provider
Loan Amount
  • 70% of the Machinery / Equipment quotation value.
  • 75% of the Machinery/Equipment quotation value eligible under TUF/Capital Subsidy.
Margin
  • 30% of the Machinery/Equipment quotation value
  • 25% of the Machinery/Equipment quotation value eligible under TUF/Capital Subsidy
Repayment Period  Maximum 60 to 72 months
Rate of interest
  •  For Credit Exposure below Rs. 100 Lacs - * 10.50% to 10.75%
  • For Credit Exposure above Rs. 100 Lacs – 09.50% - 11.50% (Eligible for Credit Rating for Interest Concession/Rebate)
    with rating AAA - 09.50%
    with rating AA - 10.00%
    with rating A - 10.50%
    with rating B - 11.00%
    C (Not Eligible) - 11.50%

* 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.

Processing fee click to view processing charge.
Share linking
  •  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)
Guarantee  Two guarantors possessing the property & also the Income Tax payer.
Security  Hypothecation of Asset Financed & Collateral Secuirty in the form of Mortgage of Immovable Property.

 

Copyrights © 2017 & All Rights Reserved by Kalupur Bank.

A+ | Reset | A-