Loan against Machinery



EligibilityAny Legal Constitution
Purpose of LoanTo purchase Machinery for business purpose
Loan AmountUp to the Exposure Limit
MarginNew Machinery 25% Old Machinery 40%
Loan /Repayment Period60 to 84 Months (Moratorium Period : Maximum 18 Months)
Primary SecurityPurchased Machinery
Collateral SecurityAbove 5.00 Lakh 50%
No. of Guarantor One Financially Sound Guarantor/s
Share Amount2.5% of sanction amount or Max. 5 Lakh.

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