|Bridge Gap Loan|
||Temporary arrangement of financing on the project which, after completion of all formalities for regular loan facility, shall be adjusted/settled from regular loan.
||Maximum 50% of the amount of regular loan under consideration.
||Non-revolving & non-renewable, however validity may be extended if required formalities for regular loan has not been completed.
||Partially or fully upon request of the borrower.
||Fully or partially from disbursement of the regular loan at least on pro-rata ratio basis or as agreed with the borrower.
||On quarterly basis or on settlement of the principal loan amount.
||At least 125% coverage by the value of mortgaged collateral security or hypothecation charge over the assets of the project.
||Generally for three months period but where applicable, extendable up to maximum one year period.