Term Loan

term loan

The growth of any business depends on their proper financial management. They should closely manage their cash flow at every stage to avoid mismanagement, which will hold their business activities. We provide total financial solutions to SME units by way of many schemes to support the financial needs of SME units. 

 

Term Loans are extended for the purpose of acquisition of fixed assets. viz., land, building, plant and machinery for setting up of new industrial units or expansion/modernization of existing business. Bank will normally finance up to 75% of the value of fixed assets and the balance amount should be brought by the applicant as margin. However depending upon the profile, business model and quantum of advance the bank may either increase the margin or decrease the margin.

 

Feature of Term Loan are :-

Tenure for repayment is up to 15 years
Loan amount range is 5 lakh to 10 crore
Loan sanctioned within 10 days of submission of required documents.
Repayment permitted up to 65 years of age
Nominal or no pre payment charges*

 

Purpose :-

Working capital requirements
Purchase of plant/ machinery
Purchase of commercial property
Closure of existing high-cost debts

Specialty:-

Quick loan service
Minimum processing fee
Bad credit history cases can be considered