Bank provides the term loan for the purchase of transport vehicles, plant and machineries, equipments, project financing etc. The following papers are required by applicants:

• Margin of 10% to 25% will be inducted by applicant.
• The loan is to be repaid in Equated Monthly Instalment (EMI). Maximum period of loan will be determined depending upon the viability of project but not exceeding 36 months.
• Interest will be applied on monthly compounding basis. The rate of interest will be fixed as per the financial ratings of borrower. Change of interest rate will be informed to borrower and has to agree upon it.
• Quotations for the assets to be created by loan will submitted by applicant.
• The applicant has to submit the financial statements along with business plan. The projected cash flow and fund flow statement will be submitted for the entire period of loan. The relevant licenses to be furnished.
• Financial information of firm, partners, directors and guarantor is to be submitted by applicant.
• Details of loans and advances taken from other financial institution have to be submitted by applicant.
• The asset created by loan will be treated as primary security and land and building will be mortgaged as collateral security.
• The applicant should assist the bank for making a valuation of the collateral security.
• The loan disbursed will be directly paid to supplier of goods. No cash payment will be done to borrower.
• The advance will be disbursed after execution of all the security documents by borrowers and guarantors.
• The lien where ever possible will be marked in bank’s favour in the documents of title to goods.