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.
Terms & Conditions:-
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 | Rs. 5,25,00,000.00. |
| Repayment Period | Maximum 240 EMI. |
| Interest Rate | Please refer ‘Interest Rates’ on this site. |
Terms & Conditions:-
- Bank shall create / have its first charge on the assets purchased by way of hypothecation or mortgage etc. The Bank may also ask for additional security/(ies) such as property, NSCs, Insurance Policies or any other security as the Bank may deem appropriate, in the name of the applicant / proprietor / any of the partners / any of the directors / any of the surety(ies) / third party to the loan on case to case basis.
- The repayment period of loan shall be decided by the bank on case to case basis / depending upon the quantum and nature of advance.
- The margin shall be decided on case to case basis, but with a minimum of 15%.
- Any other terms and condition may be specified by the Bank.
