Purpose |
For purchase of new Machinery/Equipment |
Eligibility |
Businessmen, Small Industrialist, Professionals, Manufacturing Units, Service Provider etc. Provider etc. |
Loan Amount |
70% of the Machinery / Equipment quotation value. |
Margin |
30% of the Machinery / Equipment quotation value |
Repayment Period |
Maximum 60 months |
Rate of interest |
11.00 % |
Processing fee |
Nil |
Share linking |
2.5% of the loan amount |
Guarantee |
Two/Three guarantor Required holding of the property & the Income Tax payer. |
Security |
Hypothecation of Asset Financed & Collateral Security in the form of Mortgage of Immovable Property if required. |
