Greater Bank

Corporate Loans

Greater Bank is glad to offer different types of financial assistance under Large Commercial Loan & Relationship Cell for Individual / Proprietary Concern / Registered Partnership Firm / Private Limited Company / Public Limited Company. Whatever be your need, we have a loan for you. We at Greater Bank understand your need to grow your business & therefore, we are offering the following products to Micro Small & Medium Enterprises (MSME), Traders & Corporates with attractive rate of interest.

Sr. No	Type of Loan	Rate of Interest
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

Sr. No

Type of Loan

Rate of Interest

min

max

Cash Credit

11.00% p.a.

15.00% p.a.

Term Loan – Linked with Cash Credit

12.50% p.a.

16.00% p.a.

Standalone Term Loan

15.00% p.a.

Mortgage Loan/ Flexi OD against Self Occupied Residential Property

10.50% p.a.

15.00% p.a.

Mortgage Loan /Flexi OD against self Occupied Residential Property

10.50% p.a

15.00% p.a

Mortgage Loan /Flexi OD against Residential non self Occupied Property

11.00% p.a

15.00% p.a

Mortgage Loan /Flexi OD against others

11.50% p.a

15.00% p.a

MSMEs

11.00% p.a

15.00% p.a

Lease Rental Discounting

10.00% p.a

15.00% p.a

Product	Facilities Offered	Exposure	Rate of Interest**
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%

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%

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

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

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

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

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

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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