Machinery Loan

• Machinery term loan is available for purchase of old/new machinery. Trading / Manufacturing units, Traders , Business community can avail credit facility for development of business.

REPAYMENT PERIOD:-

• Upto 60 months (Maximum 60 months).

MARGINS:-

• 70% of Quotation – Margin will be 30%.

DOCUMENTATION:-

• Pro-note, Loan Agreement, Hypothecation Agreement, Letter of Lien, Comprehensive Insurance Cover in favour of the Bank, Invoice/Bill in favour of the Bank.