Individual / Proprietorship Firm/Partnership firm / company engaged in construction or Mining activity (Contractors).
To provide hassle- free Term Loan for purchase of new construction and mining equipment to Eligible First Time Buyer, Small, Medium, Large and Strategic segment contractors and Mining operators.
- Faster loan - Our loan sanction and disbursal is one of the quickest with hassle-free documentation and doorstep service.
- No Prepayment Charges after Completion of 50% of Loan tenure.
- No Prepayment Charges for loans upto Rs. 50.00 Lacs, if the borrower is classified as Micro or Small Enterprise.
- No Collateral Security
- No hidden charges.
Upto Rs. 50.00 Crores
Upto 5 Years
Minimum 10% on Ex-showroom Price.
Rate of Interest
Micro,Small and medium Enterprises Interest rate linked to Repo Rate (BRLLR). Other Enterprises Interest rate linked to Yearly MCLR .