Composite Loans
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Features
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Interest Rates & Charges
Composite Loans : Features
Purpose
- Fixed capital investment and/or working capital requirement.
Type of Facility
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Composite loans
Amount of Loan
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Up to Rs. 100 lakhs
Margin
- Nil in case of composite loan up to Rs. 25,000
- 15% - 25% in case of composite loans above Rs. 25,000 and up to Rs. 100 lakhs
Security
- No collateral security/third party guarantee be taken
Repayment Period
- Minimum 3 years and maximum of 10 years (which can be extended), with initial holiday of 12 months to 18 months.
- Minimum 3 years and maximum of 10 years, with initial holiday of 12 months to 18 months, both for interest and principal.
Composite Loans : Interest Rates & Charges
Competitive pricing linked to repo rate/MCLR
