Machinery/Equipment Loan
| Purpose | For purchase of new Machinery/Equipment |
| Eligibility | Businessmen, Small Industrialist, Professionals, Manufacturing Units, Service Provider etc.
Provider etc. |
| Loan Amount | 70% of the Machinery / Equipment quotation value. |
| Margin | 30% of the Machinery / Equipment quotation value |
| Repayment Period | Maximum 60 months |
| Rate of interest |
|
| Processing fee | Nil |
| Share linking | 2.5% of the loan amount |
| Guarantee | Two/Three guarantor required holding of the property & the Income Tax payer. |
| Security | Hypothecation of Asset Financed & Collateral Security in the form of Mortgage of Immovable Property if required. |