The bank offers business or industrial loan business man and industrialist who are planning for new plant machinery, fixed assets or else they want to upgrade their old machinery. Even they can take loan for cash credit, overdraft, working capital term loan, cash purchase cum credit sales, bills discount against L.C., etc. The bank’s loan portfolio is comprised of personal loan, educational loan, business loan, home loan etc.
Purpose – Purpose for business and industries (for plant machinery, fixed assets, cash credit, overdraft, working capital term loan, cash purchase cum credit sales, bills discount against L.C., bills discount.
Features – The following are the special features offered by the bank
- Finance for total project.
- Finance for machinery, stock.
- Loans available for 3 years and more.
- Interest charge on actual reducing balance
- No Hidden Charges
- Nominal Processing Charge
Margins – 20 % Margin for Personal Loan
Interest – Interest will be charged on daily product bases
Repayment – Repayment in easy installments spread up to 3 year to more than 5 years also. The borrower can prepay at will with no penalty, or pay more than their stipulated monthly installment at any time, depending upon availability of funds with you. No Prepayment Penalty