Term Loan for Shop, Land and Building, Plant and Machinery, Equipment, SSI Unit, etc.
Margin 1. Margin 25% for Land and Building and New machinery
2. 50% for Old machinery.
3. Old machines to be assessed by Chartered Engineer before financing.
4. Quotation from dealer / vendor.
5. In all cases margin money is to be deposited with bank and PO of full amount will be issued favouring dealer / vendor. Except in cases where it is established, that the vendor has received payment and on production of valid receipt from the vendor.
Guarrantors   Only two guarantors.
Addition 1. Comprehensive Insurance of mortgage property and Machinery, Equipment for full value with Bank clause.
2. Credit Rating applicable.
3. Banks' charge should be noted with City Survey Office.

For further details contact our nearest Branch.