Corporate Loans

Sr. No Type of Loan Rate of Interest
min max
1.

Cash Credit

11.00% p.a. 15.00% p.a.
2. Term Loan – Linked with Cash Credit 12.50% p.a. 16.00% p.a.
3 Standalone Term Loan 15.00% p.a.
4. Mortgage Loan/ Flexi OD against Self Occupied Residential Property 10.50% p.a. 15.00% p.a.
5. Mortgage Loan /Flexi OD against self Occupied Residential Property 10.50% p.a 15.00% p.a
6. Mortgage Loan /Flexi OD against Residential non self Occupied Property 11.00% p.a 15.00% p.a
7. Mortgage Loan /Flexi OD against others 11.50% p.a 15.00% p.a
8. MSMEs 11.00% p.a 15.00% p.a
9. Lease Rental Discounting 10.00% p.a 15.00% p.a
Product Facilities Offered Exposure Rate of Interest**
min max min max

Greater Line of Credit for MSMEs*.

Cash Credit
- LC backed Bills Discounting
- Term Loan
- Short Term Loan
- Letter of Credit (DP-DA up to 90 days)
- Bank Guarantee
Rs. 25.00 lakhs Rs. 250.00 lakhs 11.00% 15.00%

Highlights

Purpose

Working Capital requirement.

Who is Eligible

Proprietary Concern / Registered Partnership Firm / Private Limited Company / Public Limited Company./p>

Rate of Interest

Based on the internal credit rating of the Bank.

Minimum 11.00% p.a..


Maximum 15.00% p.a.

Margin

30% on stock (less creditors) & 30% on book debts..

Primary Security

Hypothecation of Stock & Book Debts.

Collateral Security

Tangible security or immovable property only in the form of residential and commercial properties accepted

Guarantor

Two guarantors having a regular source of income including any family members business stake holders

Highlights

Purpose

Purchase of fixed assets/capital equipments.

Who is Eligible

Individual / Proprietary Concern / Registered Partnership Firm / Private Limited Company / Public Limited Company./p>

Bank Finance

New Assets.

75% of the total cost of assets/project

Second-hand assets

60% of the total cost of assets/project

Maximum Tenure

60 months.

Primary Security

Assets created out of bank finance.

Collateral Security

Only Residential and commercial properties accepted.

Collateral Cover %

If Primary security is Plant & Machinery

40% of the loan amount

If Primary security is Land & Building

NIL

Guarantor

Two guarantors having a regular source of income including any family members business stake holders

Highlights

Purpose

Any genuine Personal / Business need.

Who is Eligible

Individual / Proprietary Concern / Registered Partnership Firm / Private Limited Company / Public Limited Company.

Bank Finance

- Maximum 100% of the market value of the property.
- EMI would be maximum to the extent of 95% of the actual monthly rent receivable (Net of T.D.S.)

Rate of Interest

Based on the internal credit rating of the Bank. Competitive/Attractive pricing with minimum rate of interest 13.00% p.a.

Maximum Tenure

120 months OR for an unexpired period (months) of lease, whichever is less.

Repayment Mode

Repayment through Power of Attorney / Mandate to receive the rent directly in favor of Escrow Account with Greater Bank.

Primary Security

Assignment of Rent Receivable.

Collateral Security

Only Residential / Commercial Premises.

Collateral Cover %

100% of the loan amount

Guarantor

Two guarantors having a regular source of income including any family members Business stake holders

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