Industrial Loan is for Business Corporation, commercial enterprise, factory or industry. This will assist to creation, expansion and modernization at industrial and private sector encourage to inflow and participation of capital from different sector.
Interest rate @Base Rate+Premium Rate(2-5%)
- Customers can pay their installment in quarterly basis or in monthly basis as per their requirement and request.
- The time period of loan could be 1 year - 5 year.
- Customers can borrow maximum 50% of valuation amount.
- Upto 1.75% service charge on sanction amount will be charged to the customer.