Term Loan

We understand that a business can flourish only when it is upgraded and expanded as and when the need arises. Fulfill all your capital investment needs through our term loan.


  • For capital investment in fixed assets such as Plant and Machinery ,Construction /purchase of factory shed /office premises, furniture and fixture, technical gadgets /equipment etc., implementation of Brownfield/Greenfield projects, purchase/acquisition /development of real estate for own use or for commercial purpose, sourcing of long term margins etc.
  • Take over of loans from other banks

Who Can Borrow

  • Commercial Establishments i.e. partnership firms/ pvt. Limited Co./limited cos./any other commercial organization/ registered societies having valid licenses of trading /industrial /service activity

Loan Amount

  • Maximum for single borrower Rs.2000 lacs
  • Maximum for group borrower Rs. 5000 lacs


  • 25% margin on total project cost*
  • * relaxable up to 10 %


  • Maximum 15 years

Rate Of Interest

  • The rate of interest as decided by the bank from time to time.


  • Mortgage of property and other securities the bank may consider appropriate


  • Two guarantors whose net-worth is acceptable to the bank.

Processing Charges

  • 0.5% of the loan amount + GST

Share Holding

  • 1.5% of the loan amount.

Documents Required

  • Photograph , PAN and KYC documents of borrower and guarantor
  • Financial statements of last three years, ITR of last three years, Bank statement of business a/c for last six months.
  • Projected financial statements in case of new business
  • Partnership deed and registration certificate in case of partnership firms, Certificate of incorporation, date of commencement of business and memorandum and article of association in case of companies where applicable
  • Statement of a/c and classification report/ conduct of the a/c from the transferor bank in case of takeover loan
  • Relevant documents related to the property being mortgaged like Title Deed, mutation copy, sanctioned map etc as applicable)

To apply for Term Loan, please download the below listed form and submit it to your nearest branch