Corporate Loan

Loan for Large Corporate Houses
 
Term Loan:
Based on the viability of the project/proposal, Term Loan to finance the long-term financing need of a firm/company may be made available. We offer financing to establish new projects or to enhance the capacity of existing firms. This loan is normally provided up to 70% of the financing requirement with a maximum tenure of 10Years. Terms could vary depending upon the need of the project.
 
Features:
Tenure: 10 Years
 
 
Bridge Gap Loan:
Based on the short term requirement on specific circumstances the Bridge Gap Loan shall be provided under Term Loan facilities. The rate of interest charge shall be 0.5% higher than the interest rate charged under Term Loan.
 
Overdraft:
Facilitates fast revolving working capital requirements and regular transactional needs.
 
Demand / Short-term loan (Working Capital)
The facility is structured working capital financing for building inventories for seasonal sales. The facility is provided on the basis of anticipated cash conversion cycles, normally the tenure of the loan is 90 to 180 days.
 
Trust Receipt/ Importers Loan (Trade Finance) 
Trust Receipt Loans are easier and popular to finance imports through Letters of Credit facility for trading and manufacturing houses. Such loans are provided for maximum of 120 days of documents retirements. Importers loans are provided for imports under payment mode of TT, Demand Drafts and DAP facility.
 
Packing Credit/ Pre-Shipment Loan
The product facilitates financing needs of the exporters. The loan is provided against the Export LCs or Confirmed Orders for delivering export commitments. Short term loans based on export realization cycle are provided for acquiring raw materials, financing overheads, packaging of finished products and other costs prior the goods are shipped. The loan is provided for maximum of 70% of the total needs.
 
Required Document
- Loan Application along with Business Profile.
- Entity Registration Certificate and its renewal where required.
- Required approval from concerned government authorities for the project.
- Tax/PAN registration certificate and its renewal where required.
- Citizenship certificate of the Borrower, Guarantor(s), or Directors
- Certified copy of:
- Memorandum and Article of Association in case of companies or
- Relevant constitution document of the borrower.
- Board resolution authorizing :
- Borrowing, execution of the security documents and Delegation of authority to the director (in case of Company)
- Audited Financial Statements for last 2 years and Project Financial Statement (for on-going venture)
- Business Plan/Feasibility Report prepared by recognized consultant
- Joint venture agreement (if any)
- Technology transfer agreement (if any)
- Management Contract (if any)
 
Certified copy of :
- Partnership Deed in case of partnership firm.
- Memorandum and Article of Association in case of companies or
- Relevant constitution document of the borrower.
- Board resolution authorizing :
- Borrowing, execution of the security documents and Delegation of authority to the director (in case of Company)
- Consent of all partners and the power of attorney (in case of partnership firm)
- Audited Financial Statements for last 2 years and Project Financial Statement (for on-going venture)
- Business Plan for new venture
- Other necessary documents
 




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