Business Banking
Business loan /limit:
Applicant
Proprietary concerns, Registered Partnership firms, Companies
Purpose
Term loans for purchase of factory /industrial gala/ Shop, plant & machinery, equipment, furniture & fixtures etc, working capital in form of cash credit and non funded facilities in form of Bank guarantees and Letters of Credit
Rate of Interest
14.00% to 17.00*% p.a. (Based on rating)
Repayment period
Limit for 3 Years with annual Review
Loan on demand/ maximum up to 7* year
Margin
Minimum – 25%.
*Condition Apply.