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Loans

Cash Credit
Purpose
To meet working capital requirements of the business.
Suitable For
Companies looking to meet their working capital requirements to avoid cash flow mismatches. pre-approved limit to manage seasonal, urgent and unplanned working capital financing requirements.
Eligibility Criteria
Minimum 3 years profitable business operations.
Quantum of Loan
Based on assesment of working capital gap requirements.
Margin (%)
25 % margin on current assets.
Pricing
8-14% p.a.
Collateral Security
Current Assets like Inventory & receivable are usually taken as security for allowing CC Facility.
Repayment Period
On demand facility, usually sanctioned for 1 year tenor and reviewed / renewed thereafter on yearly basis.
Processing Fee
0.5 -1 %
Other Conditions
Any number of deposits and withdrawals are permitted in the account. Banks stipulates that customer should route their business flows through the cash credit account.
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Term Loans
Purpose
For capacity expansion, capital expenditure and for buying fixed assets.
Suitable For
Companies looking to expand capacity.
Eligibility Criteria
Minimum 3 years profitable business operations. Business projections demonstrating the ability to repay the loan.
Quantum of Loan
Based on project cost and assesment by lenders.
Margin (%)
Upto 25 % margins by way of equity.
Pricing
9%-15%
Collateral Security
Charge on fixed assets with minimum asset coverage of 1.3 x.
Repayment Period
Tenor can range from 24 months to 60 months. Repayment installments can be equal monthly or quarterly payments post agreed moratorium period.
Processing Fee
0.5-1%
Other Conditions
End Use to be monitored and certfications required on the utilisation of funds.
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Short Term Loans
Purpose
To meet working capital requirements of the business.
Suitable For
Companies looking to meet core working capital requirements for shorter tenors.
Eligibility Criteria
Minimum 3 years profitable business operations.
Quantum of Loan
Based on assesment of working capital gap requirements.
Margin (%)
25 % margin on current assets.
Pricing
8-14% p.a.
Collateral Security
Current assets like inventory & receivable are usually taken as security for allowing the Facility / unsecured based on financial credentials of the borrower.
Repayment Period
Facility sanctioned for 1 year usually, and individual loans can be drawn down for fixed time period based on cashflow requirements.Cooling period of 2 days is stipulated by some funding institutions for redrawal of the facility.
Processing Fee
0.5-1 %
Other Conditions
Banks expects customers utilising short term loans to show sufficient business flows through their accounts.
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Bills / Invoice Finance
Purpose
To raise funding against sales receivables to meet working capital needs.
Suitable For
If your business runs on credit and bills receivable constitute a significant proportion of your current advances or working capital, then you have the option to discount your bills receivable with banks and release liquidity.
Eligibility Criteria
Bills / Invoices accepted for payment by customers.
Quantum of Loan
Upto 90 % of the invoice amount.
Margin (%)
10 % margin on the amount.
Pricing
8-12 % p.a.
Collateral Security
Usually unsecured, subject to acceptance of the drawee to the funding insitution. Else security as prescribed by the funding institution.
Repayment Period
Tenor of the underlying transaction document typically 1-6 months.
Processing Fee
0-1%
Other Conditions
Low documentation, quick processing and hassle free loan product.
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Export Finance
Purpose
For purchase of raw materials, processing, packing, transportation and warehousing of goods meant for export.
Suitable For
Manufacturers as well as merchant exporters, are eligible to avail Rupee / Foreign Currency Packing Credit at concessional rate of interest.
Eligibility Criteria
(a) Existence of an export order and / or letter of credit and (b) liquidation of the packing credit by submission of export receivables within a stipulated period.
Quantum of Loan
Need based finance, can be upto 90 % of the order value.
Margin (%)
The percentage of margin is determined depending on the nature of order, commodity, capability of exporter, etc. keeping in line with RBI guidelines.
Pricing
Competitive Pricing (L+50 bps to 250 bps)
Collateral Security
As applicable in case of Working capital limits.
Repayment Period
Tenor of packing credit facility depends on the manufacturing / trade cycle or specific requirements of the individual export, usually not exceeding 180 days.
Processing Fee
0-1 % 
Other Conditions
Since packing credit loans are concessional and purpose oriented, it will be necessary to ensure proper end use of amounts disbursed to the exporters.
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Import Finance
Purpose
To meet the requirements for import of capital goods and raw materials.
Suitable For
Businesses looking to import goods from other countires but wants to enjoy credit period longer than the due date agreed with the seller. An import finance can be arranged with an overses institution which will help to match and manage the business cashflows.
Eligibility Criteria
Existence of valid import transaction documents. Eligibility depends on the financials credentials of the buyer in case of buyers credit transaction, whereas if sellers credit is extended credentials of the seller key for eligibility.
Quantum of Loan
Upto the value of the import transactions.
Margin (%)
As stipulated by Lenders.
Pricing
Competitve Pricing
Collateral Security
Charge on Assets being imported. Lenders may ask for additional collateral based on assesment.
Repayment Period
Can be upto 3 years based on the nature of goods being imported.
Processing Fee
0.5-1%
Other Conditions
Import Finance usually involves opening of Letters of Credit / payment undertakings. Specific clauses required by overseas lenders may be required to be incorporated in the LCs to facilitate transaction at the LC opening stages especially for suppliers credit.
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Asset Backed Loan
Purpose
To meet funding requirements of new ventures.
Suitable For
Startups looking to expand business.
Eligibility Criteria
Assesment of the venture propsects by investors.
Quantum of Loan
Based on evaluation.
Margin (%)
NA
Pricing
As agreed
Collateral Security
NIL /As agreed.
Repayment Period
As agreed.
Processing Fee
As agreed.
Other Conditions
Detailed due diligence is done as part of venture evaluation.
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Construction Finance
Purpose
To meet the construction of new buildings.
Suitable For
Ideal for businesses looking to construct buildings and factory premises.
Eligibility Criteria
3 years profitable operations at the parent level. Standalone projects may need support from parent. Clear and marketable titles of the property and necessary statutory clearances.
Quantum of Loan
Loan to value ratio of min 66 % or as stipulated by lenders.
Margin (%)
As stipulated by lenders min. 30%
Pricing
9-15%
Collateral Security
Mortgage of property. Support from promoter may be stipulated by lenders for standalone entities based on their assesment.
Repayment Period
3-5 years, depending on nature of project.
Processing Fee
0.5-2%
Other Conditions
Loan size, repayment schedule, asset cover, tenure, key terms and the interest rate and fees for construction finance loans are generally determined basis evaluation of the  project and the sponsor as well as market conditions.
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Lease Rental Discounting
Purpose
To finance capex requirements and for repayment of existing construction loans.
Suitable For
Suitable for commercial property owners looking to raise finance against future lease rentals. Can help to lower the cost of funding once the construction of the building is completed and facility leased out.
Eligibility Criteria
Clear and marketable title of the property. Valid Lease agreement signed with lessee acceptble to the lender.
Quantum of Loan
Loan value based on valuation of the property and the terms of lease agreement.
Margin (%)
Funding upto 90 % of the discounted net lease rentals.
Pricing
9-14%
Collateral Security
Mortgage of the Property. Assignment / hypothecation of lease rentals.
Repayment Period
Can be upto 10 years, based on the terms of the lease agreement.
Processing Fee
0.5-1%
Other Conditions
Facility sanction shall be subject to satisfactory valuation and legal opinion on the property.
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Project Finance
Purpose
To meet the capital expenditure for new projects.
Suitable For
Businesses looking to set up new units.
Eligibility Criteria
Strength of the project sponsor as well as the project viability as per lender's assesment.
Quantum of Loan
Upto 75% of the cost of the project.
Margin (%)
Min. Equity of 25 % of the project cost.
Pricing
10-15%
Collateral Security
Charge on project assets and cashflows.
Repayment Period
Long tenors, as per project viability assesment.
Processing Fee
1-2%
Other Conditions
Facility is granted subject to detailed due diligence. May require explicit support from sponsor in the form of guarantees for the facility.
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