Fixed Term Loan to Enterprise
Category / Loan type: Term Loan
Purpose :
Procurement of fixed assets
Customer Eligibility :
- Must be a going Business Concern.
- At Least 2 Years Business History.
- Must be a Current Account Holder of the Bank.
- Up dated clean CIB Report.
Security :
- Registered Mortgage of Land & Building
- Personal Guarantee of the Owner(s)/ Directors.
- Corporate Guarantee of the Related Business Concern(s)
- Post dated cheque.
- Other Securities as acceptable to the Bank
Repayment & Interest :
- Repayment : Equal/unequal Monthly / Quarterly / Half Yearly / Yearly Installment .
- Interest Rate : Market Competitive
Required Documents:
- Valid Trade License.
- Up to date TIN Certificate.
- KYC
- Regulatory papers
Loan Terms :
- Loan Tenor : 2 years to 8 years
- Debt Equity Ratio : 70 : 30
*Condition will be applicable