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IB-Contractors
Eligibility* Contractors carrying out work orders from various Central / State Govt departments / reputed PSUs/ reputed Corporates.
* Contractors in the line of business for atleast three years
Amount of Loan* Minimum Exposure : Above Rs 10.00 lac

* Maximum Exposure : Rs 5.00 crore per borrower ---Rs 10.00 crore per group
Margin50% on EM property for Secured OD

20% on equipments / Term Loan

15% for Bill Finance

10% against Guarantees / LC
Interest RatesPlease see the interest rate link on the home page
RepaymentMaximum 84 months including holiday period
SecurityHypothecation of assets created EM of property
Salient FeaturesFinancing the contractors falling under MSE based on collateral security coverage



 
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