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.