Purpose
For emergent Needs towards breakdown, balancing equipment, tailor made machinery and other requirements of similar nature which are unplanned/exigencies.
Eligibility
Existing borrowers only who comply with following criterion are eligible for Open Term Loan. Borrowers with total exposure including the proposed Term Loan upto Rs.25 crores.
Facility
TL
Max Finance
Max 100 crores
Margin
20%
Rate of Interest
Attractive Rate of Interest
Loan Term
84 months