Machinery Loans

Limit per Borrower:    Maximum Limit Rs.500.00 Lacs
Margin Money:       20% of Proforma Invoice.
No. of EMIs:       72 (General)
84 (FFP)
(B.O.D. reserves right to change according to repayment capacity of applicant).
Rate of Interest:    8.45% onwards

 

Collateral Security: 200% of Loan Amount.(Immovable Property / FD / NSC / KVP / LIC Policy etc.)