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Eligibility
Established Private Limited Company or Limited Company having good track record of profit in last 3 years.
Purpose
For executing large contract of Road/Dam/Bridge Construction & Mining of Lignite. 1 |
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Nature of facility
Working Capital : Cash Credit Limits / Bank Guarantees
Term Loan for Equipments
Quantum of finance
As per credit terms of contract. Maximum up to 75% of outstanding bills receivables.
Term Loan : 75% against Equipments
Rate of Interest
Competitive rates based on credit rating of proposal
Security
Prime Security:
First charge over receivables & second charge over all fixed assets of the company.
In Case of Term Loan:
First charge over all fixed assets of the company.
Processing charges
As per bank’s norms
Repayment
5 to 7 years.
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