Updates:
Business Term Loan
Our Bank provides term loan facility for new and existing business for additional activity and expansion of business unit, acquisition of fixed assets like factory shed/ industrial plot, Plant & Machinery, equipments, furniture and fixture etc, up-gradation of existing unit, and to meet short term as well as long term funding requirements.
- Machinery loan
- Business expansion Loan
- Project Loan
Brahmadeodada Mane Co-op Bank consists of highly experienced professionals who are committed towards understanding your business needs and develop a long term satisfying relationship.
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Margin applicable as per Banks prescribed norms.
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Maximum Repayment period is 60 months with equated monthly installments.
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Holiday period will be given according to project requirement.
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Future prospects in the related sector & its’ techno-financial viability will be considered.
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Service Charges and liking share capital contribution will be as per policy of the bank.
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Additional security required as per Bank’s prescribed norms.
Business Term Loan Required Documents
Basic documents required for Business Term Loan.
- Registration/incorporation/commencement of business certificate according to related entity
- Brief history and profile of Company/Firm and it’s promoters.
- CIBIL Report
- Bank Statements for last 12 months of all existing loan/OD accounts
- Audited Financial Statements, copy of ITR and computation of income for last three financial years of the company/firm.
- Net worth of related entity’s directors/partners/proprietor.
- Project report of related project
- Sanction Letter of an existing bank/financial institute limit (if any).
- Any other documents as required by the bank at a later stage
- Requirement of other documents will be advised as per necessity of proposal.
Rate of Interest offered
Account Interest Rates Per Annum
Loan Amount
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Rate Of Interest
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