.
Asset Finance Scheme
Additional cash flow to increase your business
| ASSET FINANCE | |
|---|---|
| Who can Borrow | Individuals engaged in Trade, Commerce & Business Professionals, Proprietary Firms, Partnership Firms, Companies except stock / share broker/s |
| Purpose | To provide additional cash flow for the following purpose |
| In order to increase business | |
| For payment of unsecured loans / Creditors | |
| For payment of retiring director / partners | |
| Limit | INR 5000 Lakhs |
| Security | Existing assets of firm / company viz. land & building, plant & machinery |
| Margin | 25% - 40% of the valuation |
| Repayment | 5-7 years, as per Credit Policy |
| Rate of Interest | As applicable from time to time |
| *Conditions Apply |
