Corporate Loan

Corporate Loan 

Purpose

For Term Loans, Project Finance, Bill Discounting, Working Capital Loans, Bank Guarantee & Letter of Credit.

Eligibility:

Corporate entities (public and private limited companies) partnership firms, Limited Liability Partnership firms, sole proprietorships, trusts, government-owned non-corporate entities.

Margin :

Varies depending upon the business activity.

Features :

  1. Term loans are provided to extend long term credit facilities to entrepreneurs such as:

    Expansion & Modernization, setting up of factory building and other infrastructure facilities.

    Substitution of high cost debts / high cost term debts of other Banks / FIs.

    Up-gradation of technology & energy conservation schemes / machinery.

    Design and introduction of new layouts in the factory to enhance productivity

    Loans for Technology Upgradation.

  2. Project Loan is provided to corporate borrowers for the purpose of capital expenditure including setting up of new/ additional manufacturing facilities, construction etc. Project loan is also available to acquire the fixed assets like land & building, plant & machinery etc.
  3. Working Capital Demand Loan (WCDL) is provided to meet working capital requirements. It shall be within the assessed working capital limits. It can be available as a sub limit of funded working capital limit.