Shopin

SHORT TERM CORPORATE LOANS (STCL)

  • Bank may consider sanctioning of STCL to existing Borrowers, Manufacturing/ Industrial/Engineering Units or Civil Contractors to tide over temporary fund requirements or to execute work orders/Tenders of reputed Companies/ Municipal Corporations or Govt. Agencies.
    Key points :-
    • Amount of loan will be maximum upto 60 / 75% of the value of the Tenders/Work orders, placed by the reputed Companies/ Client(s)/Govt. organizations etc. or Rs.5.00 Crore whichever is lower.
    • Maximum period of repayment shall not exceed 12 months.
    • Repayment may be made in lump sum and interest has to be paid every month by the Borrower.
    • Service Charges and Share money will be as applicable to Secured Loans.
    • Collateral security required as per Banks prescribed norms.
    ROI for first year Click Here,
    For more details, write into us at loans[at]abhyudayabank[dot]net , and Abhyudaya Co-op Bank will get back to you.