Business Loans

Business Loans

Business Loans to individuals and / or commercial entities for following purposes:-

Business expansions.
Installation of new unit.
Purchasing industrial units / factories, making investments in Land and construction of building spaces.
Ongoing project or new project.
Purchasing equipment / plant & machinery etc.
Acquiring Property – Residential / Commercial / Industrial.
Any other purpose acceptable to Bank.
 

Maximum Amount	As per RBI Circular
Repayment Period	NA EMI.
Interest Rate	Please refer ‘Interest Rates’ on this site.

Terms & Conditions:-

    The bank may consider the term loan or overdraft limit against collateral security of immovable property as equitable mortgage in favor of bank. The bank will call stock and debtor statement from the borrower to calculate drawing power of the borrower on monthly basis. The CC/OD limit shall be reviewed/renewed every year on the basis of profit and loss account and Balance Sheet duly signed by Chartered Accountant. Further the bank official conduct periodic visit at place of business of borrower to check stocks and ensure end use of fund.