Loan Scheme for Corporates

Loan Scheme for Corporates

The Bank finances the corporate sector for its business activity and for setting up units, modernization, diversification and upgradation.

Such finance is extended in the form of

Funded facilities

Non Funded facilities

Funded facilities

Term Loans : 

Repayment in instalments over a fixed time.

Purpose : For acquisition of fixed assets / machinery or for financing projects.

Amount of Loan : Generally 75% of the cost of maintaining a margin of 25%. 

Rate of Interest :Click here to view the Interest Rate

Security : Charge on assets. 

Cash Credit : 

Running account facility.

Purpose :To meet working capital requirements. 

Amount of facility : Based upon the Bank's assessment of the working capital requirement.

Rate of Interest :Click here to view the Interest Rate

Security : Charge on current assets, collaterals if required. 

Bill Discounting : 

In the nature of post sales limit.

Amount of facility : Generally upto a specified percentage of the value of the bill.  

Discounting under :  L/C or firm order. 

Rate of Interest :Click here to view the Interest Rate

Security : Charge on the Bill, Collateral if required 

Non Funded facilities

• Letter of Credit facility to facilitate purchase of material / goods.
• Letter of Guarantor facility for the issuance of Guarantee in the nature of bid bonds, performance bonds, etc.
• For finance of International trade, the Bank provides Working Capital facility to

Exporters