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 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 )