Medium & Long Term Loan

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We avail Medium & Long Term Loan for:
- Financing of machineries, equipments or other fixed assets (except of structural construction)

Who Can Apply
- Business Entities (Proprietorship Firms, Partnership Firms and Limited Companies.)

Features
- Tenure of maximum 15 Years
- Interest Rate of 11.50% - 15.50% (up to 5 years), 14.00% - 16.50% (up to 10 years) and 14.50% - 17.00% (above 10 years)
- Financing up to 70% of the requirement

Required Document
- Loan Application along with business profile.
- Entity Registration Certificate and its renewal where required.
- Tax/PAN registration certificate and its renewal where required.
- Citizenship certificate of the Borrower, Guarantor(s), Proprietor, Partners or Directors
- Certified copy of :

* Partnership Deed in case of partnership firm.
* Memorandum and Article of Association in case of companies or
* Relevant constitution document of the borrower.
- Board resolution authorizing :
* Borrowing, execution of the security documents and Delegation of authority to the director (in case of Company)
* Consent of all partners and the power of attorney (in case of partnership firm)
* Audited Financial Statements for last 3 years and Project Financial Statement (for on-going venture)
* Business Plan for new venture
- Pro-forma invoice/quotations in case of import/procurement of machineries, equipments or other fixed assets

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