PROJECT FINANCE/TERM LOAN
a) Business LaonLoan provided to establish, Operate and increment of business.
Loan Provided for aadditon of fixed asset.
b) Industrial LoanLoan provided to establish ,Operate and increment of industry.
Objective:To promote long-term finance for new projects and expansion, diversification and modernization of existing projects.
Types of Assistance:Long term loan, underwriting, direct subscription to equity capital, and deferred payment guarantee.
EligibilityAny industrial/development organizations.
Promoters' Contribution:30% of the project cost minimum normally expected.
Debt Equity Ratio:Maximum up to 60:40.
|Types of Loan||Prime||Others|
|Special Project Financing||18.50%||--|
|Consortium Financing||As per consortium decision|
- Based on minimum term lending rate fixed from time to time.
- Actual rate within the prevailing rate band depends upon creditworthiness of borrower and risk perception.
- Interest is payable quarterly.