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SME Agri Wholesale Banking Financial Market
Small & Medium Enterprises
Business Loans - MPower BLT
Business Loans - Rent
Business Loans (Small Scale Industries) - CGTSI
Business Loans (Small Scale Industries) -MPower SSI
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Business Loans - Rent
 
  Loan Amount     Security/Collateral     Eligibility Criteria  
Security/Collateral
 
  • Charge/hypothecation of the rent receivables for the entire period of Loan.
  • Collateral [linked to the period of loan]: Upto 6 years - 125%, Beyond 6 years - 150%.
  • Charge over the leased property by way of simple/equitable mortgage.
  • Personal guarantee of partners of the firm / promoter directors of the lessor company; third party guarantee, if available, preferably of legal heirs in case of individuals.

     

    Tenure - Maximum period of 96 months

    Repayment Conditions- Through lease rentals received directly by the Bank, in the form of EMI's.

     
    ING Vysya Bank Limited
    - Last updated 20/10/2008
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