Any new start-up first generation entrepreneur or existing unit can avail finance for purchase of Plant & Machinery, equipment, furniture-fixtures, construction of factory / office building as well as regular working funds in support to run the unit.- Term Loan granted for acquisition of fixed assets and Working Capital Loan for running of unit including Non-Fund based facilities like Bank Guarantee and Letters of Credit for purchase of raw material, earnest money, advance payments etc.
- Exposure limit to single borrower is up to RS 375 Lac and group up to 300 Lac.
- Margin varies for Term Loan and Working Capital Finance ranging 25–40 %.
- Repayment of Term Loan depends on generation of profits from the activity run.
- Working Capital is repayable in one year but renewable based on funds requirement.
- Two acceptable sureties required.
- The applicant has to become the Shareholder / Member of the bank.
- Condition Apply.
Manufacturing & Trading Activity Loan
