National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

IB Contractors

IB Contractors

Eligibility

  • Contractors carrying out work orders from various Central / State Govt departments / reputed PSUs/ reputed Corporates.
  • Contractors in the line of business for atleast three years

Amount of Loan

  • Minimum Exposure : Above Rs 10.00 lac
  • Maximum Exposure : Rs 5.00 crore per borrower —Rs 10.00 crore per group

Margin

  • 50% on EM property for Secured OD
  • 20% on equipments / Term Loan
  • 15% for Bill Finance
  • 10% against Guarantees / LC

Interest Rates

  • Please see the interest rate link on the home page

Repayment

  • Maximum 84 months including holiday period

Security

  • Hypothecation of assets created EM of property

Salient Features

  • Financing the contractors falling under MSE based on collateral security coverage