Features of Working Capital Term Loan

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Working Capital Demand Loan (WCDL) is provided to extend long term working capital credit facilities to entrepreneurs. Suitable for Mid / Large corporates having turnover more than Rs.100 Crores. It shall be within the assessed working capital limits. It can be available as a sub limit of funded working capital limit. Period of the loan is upto 84 months Repayment can be made in Monthly /Quarterly / Half yearly installments

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Collateral Required for Working Capital Term Loan

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Primary Hypothecation / extension of Hypothecation charge over the fixed assets or machinery Collateral Extension of charge over current assets Additional tangible security such as immovable properties / bank deposits etc. Others Personal guarantee of proprietors / partners / promoters OR Corporate guarantee

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At a Glance - Term Loans

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BASIC PARAMETERS:

• BUSINESS VINTAGE : minimum 3 Years

• LOAN AMOUNT : 10 Lakhs and above

• TENURE : upto 7 year (including MORATORIUM)

• TURNOVER REQD. : minimum Rs. 50 Lakhs

• RATE OF INTEREST : 9% to 15%

• CREDIT SCORE : minimum 650

• FOIR / DSCR : 70% / 1.3x

• LTV : 70% to 150%

• PROCESSING FEE : 1%

• INSURANCE : depends on the property

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Features & Benifits of Machinery & Equipment Finance

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• Tenure up to 60 months
• Financing for a whole range of construction equipment such as, Backhoe Loaders, Excavators, Mini Excavators , Tipper/ Dumpers, Transit Mixers, Self Loading Concrete Mixers , Cranes (Pick N Carry, Heavy Duty, Tower & Derrick , Telescopic , Crawler), Wheel Loaders, Compactors, Road Rollers, Pavers, Dozers, Graders, Compressors, Drills, Hot Mix Plants, Concrete Pumps/ Boom Placers, Crushing Plants, RMC Plants, Rock Breakers, WMM Plants, DG Sets, Fork Lifts, Reach Stackers, Piling Rigs and others.
• Up to 100% finance on asset cost
• Finance for Used equipment (Re-finance & Re-purchase)
• Top-up on existing loans
• Customized financing solutions to meet individual requirements
• Simple documentation and easy processing.

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Documents required for Machinery & Equipment Finance

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• Proof of Identity & Address Proof - (Passport / Voter's ID / Driving License / PAN Card*/ Aadhar Card or Proof of possession of Aadhaar number (on Voluntary basis))
• Driving License/ Voter's ID / Utility Bill (any 1 which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rent Agreement / Passport)
• Driving license, in case of First time users
• Documents to prove relevant experience, in case of First time users.
• Land holding proof, in case of Farmers
• Bank statements or Latest bank passbook (updated within 90 days)
• Fleet list details , Income Tax (ITR) and financial statements for the last two years complete with schedules and P&L account , proprietorship declaration, partnership deed, memorandum/association of article (MOA/AOA), board resolution Or Other documents as per requirements.

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Who can avail Machinery & Equipment Finance?

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• First time User ( Buyers )
• Hirers of Construction, earthmoving , Concrete and material handling equipment & plant hirers
• Small and medium contractors of Government and private agencies, viz., irrigation, public works department, national and state highways, etc.
• Small and medium quarry/mine owners/operators
• Small and medium industries requiring construction and material handling equipment for captive usages
• Contractors of various civic and municipal bodies

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