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A Term Loan is a type of loan where a lender provides a borrower with a specific sum of money upfront. In return, the borrower agrees to repay the loan in regular installments over a fixed period, typically ranging from one to ten years. These installments often include both the principal amount borrowed and interest.
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Plant and Machinery
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Business Term Loan
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Term Loan for Builder Developer & Other CRE.
* INTEREST RATES *
| THE HASTI CO-OP. BANK LTD. | ||||||
| Sr. No. | Type of Loan | Base Rate | Offset In Rate | Applicable Rate | Rebate | Net Rate |
| 1 | A) Business Term Loans - | 14.50% | 3.00% | 11.50% | 1% | 10.50% |
| i.- Term Loan to Commercial Purpose to build / Purchase /own Premises i.e.shopes, Hotel, lodging, Godowns and Project Finance, SI/Udyog Adhar Projects. | ||||||
| ii.- Term Loan to CC Secured, Hypothecations, Under Priority Sector who is enjoying working capital facility. | 14.50% | 3.50% | 11.00% | 1% | 10.00% | |
| iii.Business Term Loan For Non Priority Purpose. | 14.50% | 2.50% | 12.00% | 1% | 11.00% | |
| 2 | Term Loans :- | |||||
| A) Plant and Machinery - | 12.00% | 0.50% | 11.50% | 1% | 10.50% | |
| Term Loan for New Units | ||||||
| B) MSME - | 12.00% | 1.00% | 11.00% | 1% | 10.00% | |
| Registered under, SSI, Udyam ADHAR (Priority Sector) | ||||||
| C) 2nd Hand (Old) - Plant & Machinery | 12.00% | +1.00% | 13.00% | 1% | 12.00% | |
| 3 | Term Loan for Builder Developer & Other CRE | 14.00% | 0.50% | 13.50% | 1% | 12.50% |
- Documents Required For Term Loan ☞ Click Here
DICGC Assurance
The Hasti Co-Op Bank Ltd. is registered with DICGC.
Secured Assets possessed Under the SARFAESI Act 2002
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