Eligibility & Purpose:
Project /activity/product specific guidelines under HADP
Amount of Loan:
Up to 90% of the project cost
Security:
A. Primary: Hypothecation of the equipment/machinery /stocks/ debtors etc procured out of the Bank loan.
B. Collateral:
- For Loans up to Rs 2.00 Lacs: Nil
- For Loans above Rs 2.00 Lacs and up to Rs 10.00 Lacs: 3rd party guarantee of 02 persons with ENW of at least 150% of loan amount.
- For Loan amount above Rs 10.00 Lacs: Mortgage of immovable property/ Agri land having Realizable Sale value at least equal to 1.25 times of loan sanctioned.
- Personal Guarantee of Mortgagor ( wherever applicable).
- Personal Guarantee of Promotors in respect of Companies/FPOs/FPCs (wherever applicable).
Or
Credit Guarantee Cover whenever and wherever Applicable. Credit Guarantee fee to be borne by the borrower.
Repayment:
Up to a maximum eight (8) years including moratorium period.
Processing Charges:
Nil.
* Conditions Apply