CORPORATE LOAN
CORPORATE LOAN
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 )
