Business demands expansion and expansion is driven by hard work, consistency & money. We provide financial supports for your business dreams , which can help you in the foundation of your Industry/ factory.
Features
Rates & Charges
Repayment
Eligibility Criteria
Documents Required
Features
- Flexible repayment tenure
- Assessment based on future cash flows
- Repaymenet period : Maximum 10 years
Rates & Charges
- Margin: 25 % of Purchase Agreement/Market Valuation whichever is less
- Rate of Interest: 10.00% p.a.upto 7 Years.10.25% upto 10 Years.
- Pre-Payment Penalty: 00% + GST
- Upfront Processing fee: @ 0.40% + GST on one-time basis, on total sanctioned
amount. - Penal interest: 2% to be charged for the period of default in repayment
Repayment
- The mode of repayment will be EMIs or EQIs.
- The repayment period will be a maximum of 10 years.
- The moratorium period will be a maximum of 18 months.
Eligibility Criteria
- Applicants should be Businessmen, professionals, or Self Employed.
- The applicants should have completed 18 years.
- Applicants should have last 3 years of Income Proof or Projection.
- Applicants should be A Class Member of our bank.
- The applicant’s proportionate to average monthly take-home income (NP[PAT] + Depreciation + TL Int.) of the last three years, including proposed loan installments should not be less than 1/3rd, as per Financials & For Greenfield unit based on projections, Average DSCR 1.50:1.
Documents Required
- Proof of identity
- Proof of address
- Proof of income
- 5 PDCs
- Standing instructions of Saving / Current Accounts/CC Accounts / ECS.
- Proof of business ownership
- KYC of Applicant(s) & Guarantor(s) KYC of Applicant(s) & Guarantor(s)
