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. |
| 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 |
