Overdraft


Target Group: Business firms Companies, Associates engaged in trading or business activities for meeting working capital requirement

Repayment Period: 12 months subject to annual review


Security: Hypothecation of stocks and debtors   mortgage Bond on immovable property subject to assets coverage ratio 1.40. Personal guarantee   of promoters.

Margin: 25%

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

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