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Term Loan

Particulars Term Loan
Introduction A monetary loan that is repaid in regular payments over a set period of time.
Who Can Apply Person having ;

  • No history of defaults in payment of interest or installments of the principal.
  • Strong performance record and a respectable credit rating.
Loan Term Term loans usually last between one and ten years, but may last as long as 30 years in some cases.
Margin A minimum margin of 25 per cent is applicable
Interest Rates
Security Extension of hypothecation charge over the current assets and fixed assets is required as primary security. Further, the borrower whose aggregate loans with the Bank exceed Rs 5 lakh may explore the possibility of collateralizing tangible security such as immovable property and third party guarantee.

In all cases, personal guarantees of proprietors/ partners/promoters have to be furnished.



  1. Entity Proof
  2. Copy of PAN Card
  3. Address Proof
  4. Last 3 years Financial Statements.
  5. Last 3 years ITR
  6. Latest Bank Statements for last 6/12 months