Machinery Loans - The Sutex Co-op. Bank Ltd.

Limit per Borrower:

Maximum Limit Rs.500.00 Lacs

Margin Money:

20% of Proforma Invoice.

No. of EMIs:

72 (General)
84 (FFP)
(B.O.D. reserves right to change according to repayment capacity of applicant).

Rate of Interest:

MACHINERY LOAN ( NON TUF )
FOR NEW MACHINERY LOAN	12.50%
FOR NEW MACHINERY LOAN EMBROIDERY	12.50%
FOR OLD MACHINERY LOAN UPTO RS.10,00,000/-	12.50%
FOR OLD MACHINERY LOAN ABOVE RS.10,00,000/-	12.50%
MACHINERY LOAN ( TUF )
FOR NEW MACHINERY LOAN ( TUF)	12.50%
FOR NEW MACHINERY LOAN ( TUF- FOR EMBROIDERY UNIT)	12.50%

Guarantors:

Two guarantors (who holds property)

Collateral Security:

70% of Loan Amount.

(Immovable Property / FD / NSC / KVP / LIC Policy etc.)

Loans