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Eligibility
Established Private Limited Company or Limited Company having turnover more than 100 Crores and good track record of profit in last 3 years.
Purpose
For setting-up new project / expansion in existing project.
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Nature of facility
Fund Base
Term Loan
Cash Credit
Bill Purchase/Bill Discount
Non Fund Base
Letter of Credit
Bank Guarantees
Quantum of finance
55% to 65% of cost of the project.
Term Loan for Equipments also available.
Loan Amount
5 Crores to 100 Crores
• Term loan and export packing credit limit are also available in FCNR.
• ECB can also be arranged for term loan more than USD 3 million.
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 for cash credit, bill purchase/ bill discount facility.
In Case of Term Loan:
First charge over all fixed assets of the company.
Processing charges
As per bank’s norms
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