Home || Manufacturing and Industrial Loan

Industrial Loans are designed to facilitate the industrialists/ business houses/ corporations initiating to set up industries. The main objectives of the loan is to grant term loans as well as working capital as desired by the borrower.
a). Manufacturing Industries
Eligibility: Individual/firms who wishes to starts manufacturing industries
Rate of Interest: (Click here to refer interest rate chart)
Quantum: 60 % of the cost of the project.
Tenure: Maximum 10 years.

b). Mining & Quarries
Eligibility: Individual/firms who have leased mining and quarries and wishes to purchase the earth moving heavy equipments
Rate of Interest: (Click here to refer interest rate chart)
Quantum: 50 % of the cost of the machines
Tenure: Maximum 5 years

 

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