As a traditional activity, the Bank is providing term loans to meet capital expenditure for acquisition of Fixed assets/expansion of existing activity/swapping existing high cost debt.
Bank is providing both funded and non funded limits under term finance
- Funded limit to meet cost of civil works, acquisition of assets etc.
- Non Funded limits for import/purchase of machinery deferred payment of taxes.
- The repayment period is designed in ease terms extending from 3 years to 15 years including gestation period basing on the credit rating of the customer
Tenure of Term Loans:Short term Loans: Loans payable within one year
Medium Term Loans: Loans repayable in more than one year and up to there years
Long Term Loans: Loans repayable in more than three years