Features This loan to provide long term finance for the establish of new industry, business, to purchase of new machinery, expansion of existing business in the terms of Cash credit, Term Loan, Bank Guarantee, packing Credit Limit, Bill Discounting. This loan given against collateral security ie: Residence, Industrial or Commercial Property. In this Loan bank appraise the profile, prior experience, net worth of the promoters, and feasibility of the project:- Key Features of Project Financing :- Loans from Rs.25.00 lacs & above The loans are generally approved within 45 working days of submission of complete documentation. Term Loan tenure from 1 – 10 years. Cash Credit/ overdraft limit renew every year.
Eligibility Proprietorship/partnership/Pvt. Ltd company. Age 25-65 years of main applicant Having good experience, net worth Able to invest min. 30% of total project cost. Having Minimum 3 years old profitable company Title to the property should be clear and free from encumbrance, i.e., without any pending legal litigation adversely affecting the ownership of the property.
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Suitable For To start new business/ industry. Expansion of existing Business
Loans from Rs.25.00 lacs & above
