Medium Term Loan
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We thank you for showing your interest in us. Following is the way to opening an
account with us.
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- Please find our
Branch nearest to you and contact
our representative
for further proceedings.
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We request you to wait for 7 working days after your application to revert back
to you. Thanks you in the meantime for your patience.
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To augment enterprise’s current and fixed assets and to help in improvement of current
ratio and also for meeting genuine business requirements we provide medium term
loans.
Purpose
For purchase Goods/ Traders/ Machinery
Eligibility
Individual / Firm / Company etc.
Amount and Margin
- Loan Amount:Project Report or Base of Quotation.
- Margin:25%
Rate of Interest
As applicable from time to time. (See Current Rates)
Security
- Equity Mortgage Property
- Double Collateral Security
- Two Income Tax payer Guarantee
- Postdated Cheques
Repayment
- Repayment:Maximum 84 Months
- Service Charge:1% of Loan Amount.