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Our Bank has a product viz., Corporate Loan which will help our clients to manage their cash flow efficiently.

Particulars Guidelines
Eligibility Corporates and Partnership firms and LLBs Under MSME-only Medium enterprises
Purpose Any Bankable purpose including NWC improvement
Loan amount Requirement of Rs. 1 cr and above
Period/Tenor 6 months to 5 years
Repayment- Principal Monthly/quarterly / Half yearly based on cash flows.

(Moratorium period for principal restricted to one year within the Tenor)

Interest Based on rating. To be serviced then and there
Security First charge / Paripassu first charge/stand alone security/subservient charges/Escrow of receivables/ personal- corporate guarantee – will be decided based on the quantum of loan and available securities.
Processing & other Charges Processing charges @ 1% plus GST. All other charges as per guidelines

( Last modified on Apr 28, 2020 at 04:04:05 PM )