Repayment:

• Flexible repayment terms, generally up to 7 years.

Security:

• Hypothecation of machinery and equipment.
• Collateral security, if required, as per bank’s guidelines.
• Two guarantors.

Processing Fee:

• 1.5% of the loan amount.

Share Holding:

• 2.50% of the loan amount.

Documents:

• Duly filled Loan Application Form.
• Detailed project report.
• Quotation for machinery and equipment.
• For other required documents, please contact your nearest branch.

Insurance:

• Insurance of the property charged to the bank.

Key Features:

• Competitive Interest Rates: Our loan interest rates are designed to be affordable for businesses.
• Flexible Repayment Terms: We offer repayment terms that align with your business cash flow, making it easier to manage your finances.
• Quick Processing: We ensure fast processing of loan applications to meet your urgent business needs.
• Expert Support: Our experienced staff is here to guide you through the loan process and provide expert advice.

Unlock the potential of your business with Bhagyalakshmi Mahila Sahakari Bank’s Plant and Machinery Loan Scheme. Contact us today to learn more and apply for your loan.