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:  
MACHINERY LOAN ( NON TUF )
FOR NEW MACHINERY LOAN 12.50%
FOR NEW MACHINERY LOAN EMBROIDERY 12.50%
FOR OLD MACHINERY LOAN UPTO RS.10,00,000/- 12.50%
FOR OLD MACHINERY LOAN ABOVE RS.10,00,000/- 12.50%
MACHINERY LOAN ( TUF )
FOR NEW MACHINERY LOAN ( TUF) 12.50%
FOR NEW MACHINERY LOAN ( TUF- FOR EMBROIDERY UNIT) 12.50%
Click Here For Interest Rates
Guarantors:       Two guarantors (who holds property)
Collateral Security: 70% of Loan Amount.
(Immovable Property / FD / NSC / KVP / LIC Policy etc.)
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