Term Loan



Target Group: Business firms Companies, Associates for meeting capital expenditure like land and building, plant and machinery, setting up of new unit or expansion   
   
Repayment Period: From 3 years to 7 years in monthly installments

Security: Charge on assets created out of loan and mortgage Bond on immovable property subject to assets coverage ratio 1.40. Personal guarantee of promoters.

Margin: 25% to 40% of the project cost

Rate of Interest:
Based on Credit rating Linked to prime rate