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 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. |
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