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CORPORATE LOAN

CORPORATE LOAN

Our Bank has a product viz., Corporate Loan which will help our clients to manage their cash flow efficiently.

 

Particulars Guidelines
Eligibility Corporates and Partnership firms and LLPs

Under MSME – only Medium Enterprises

Purpose Any Bankable purpose including NWC improvement
Loan Amount Requirement of Rs.1 Crores and above
Period / Tenor 6 Months to 5 Years
Repayment – Principal Monthly / Quarterly / Half yearly based on cash flows.

(Moratorium period for principal restricted to one year within the Tenor)

Interest Based on rating. To be serviced then and there
Security First charge / Paripassu first charge / standalone security / subservient charges / Escrow of receivables / personal – corporate Guarantee – will be decided based on the quantum of loan and available securities.
Processing & Other Charges Processing charges @ 1% plus GST. All other charges as per guidelines.

 

( Last modified on Apr 22, 2022 at 04:04:28 PM )

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