Business Loan

Purpose:

  •  To meet capital expenditure in Business/Industrial/Service Sector activity, such as, for purchasing Machinery/Equipments/Furniture etc.
  •  To meet long term working capital needs in the Business.
  •  To take over existing loan (regular a/c) availed for such purpose from another Bank/financial institution.

Who are eligible

Individuals/firms/company engaged in gainful Business/ Service sector/Industrial activity in the area of operation of the Bank.

Loan Amount

After retaining prescribed margin of 10 to 20% on project involving capital expenditure remaining amount of 80% of the project cost, (subject to repayment capacity of the borrowers ) will be financed.

Repayment in 84 EMI.