| Purpose |
Financing on fixed assets of the business like plant & machinery, land & building of the factory/office. |
| Financing Ratio: |
Maximum 80% of the value of the fixed assets. |
| Nature |
Non-revolving & non-renewable. |
| Disbursement |
Upon request of the borrower for the payment for the fixed assets by verifying the cost/expenses. |
| Principal Repayment |
On installment basis (Ballooning/EMI/EQI) based on the life of the fixed assets & its income generating efficiency/capacity, upon completion of the moratorium period. |
| Interest Repayment: |
On quarterly basis or on installment payment date as scheduled. |
| Security: |
At least 125% coverage by the value of mortgaged collateral security and/or value of the fixed assets under hypothecation. |
| Tenure: |
Maximum 15 years based on estimated life of the fixed assets and repayment capacity. |
