Term Loan
Customer who need help on expenses like equipment or expansion of operating facilities and wants to pay their loan in installment basis can borrow Term Loan @Base Rate+Premium Rate(2-5%) of interest rate.
Features:
- 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.
Fees:
- Upto 1.00% service charge on sanction amount will be charged to the customer.