Our Bank has a product viz., Corporate Loan which will help our clients to manage their cash flow efficiently.
|Eligibility||Corporates and Partnership firms and LLPs
Under MSME – only Medium Enterprises
|Purpose||Any Bankable purpose including NWC improvement|
|Loan Amount||Requirement of Rs.1 Crores 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 / standalone 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 [at] 1% plus GST. All other charges as per guidelines.|
( Last modified on Apr 22, 2022 at 04:04:28 PM )