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Manufacturing & Trading Activity Loan

  • 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 150 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.