Business Loan (Unsecured)
Purpose
No End Use Restriction
Security
Personal Guarantee of Promoters, PDCs
Loan Amount
Minimum Rs. 25 lacs- Maximum Rs. 7 Crs.
Interest rate
16% to 21%
Processing Fee
1 to 2%
Tenor
- Minimum – 1 year
- Maximum – 3 years
Eligibility
- Time in Business – 1 year
- Annual Revenue – Rs. 50 lacs and above
Processing time
Up to 5 days post submission of all documents
Loan Against Property
Purpose
No End Use Restriction
Security
Residential, Commercial or Industry property (free hold or lease hold)
Loan Amount
- Minimum - Rs. 25 lacs
- Maximum - up to 100%
of the property value
Interest rate
11% to 15%
Processing Fee
1 to 2%
Tenor
- Minimum – 1 year
- Maximum – 15 years
Eligibility
- Time in Business – 1 year
- Annual Revenue – Rs. 50 lacs and above
Processing time
Within 15 days post submission of all documents
Machinery Finance
Purpose
For purchase of new and refurbished machinery
Security
Machinery being financed
Loan Amount
up to 75% of the machinery value
Interest rate
13 to 15%
Processing Fee
1 to 2%
Tenor
- Minimum – 1 year
- Maximum – 6 years
Eligibility
- Time in Business – 1 year
- Annual Revenue – Rs. 50 lacs and above
Processing time
Within 15 days post submission of all documents
Loan Against Securities
Purpose
For purchase of new and refurbished machinery
Security
Approved Shares and Mutual Funds
Loan Amount
50 to 75% of the Security value
- Minimum – Rs. 10 lacs
- Maximum – Rs. 10 Crs
Interest rate
11%
Processing time
Within 5 days post submission of all documents
Purchase Bill Discounting
Purpose
For financing suppliers / invoices
Security
30-35% Cash collateral
(as lien against FD) / Unsecured
Loan Amount
- Minimum – Rs. 50 lacs
- Maximum – Rs. 7 Crs
Interest rate
13-13.5%
Processing Fee
1 to 1.5%
Tenor
- 90 days per bill discounted
- Maximum – renewable after
1 year
Eligibility
- Time in Business - more than
3 years - Annual Revenue – Rs.50 Crs
and above
Processing time
Within 15 days post submission of all documents
Project Finance
Purpose
For New Projects / Capacity Expansion.
Security
As per Bank's requirement
Loan Amount
70-80% of the Project Cost
Interest rate
10-12% for loans in INR, 5-6% for loans in foreign currency
Processing time
Within 30 days post submission of all documents.
Tenor
Up to 10 years
Working Capital Loans
Purpose
To fund working capital requirement i.e. purchase of raw material, book debts, etc.
Security
As per bank’s requirement
Loan Amount
70 to 85% of book debts + inventory
Interest rate
10 to 13% for loans in INR
Tenor
renewable every year
Processing time
Within 30 days post submission of all documents
Sales Bill Discounting
Purpose
For financing Receivables/Debtors
Security
Nil
Loan Amount
90% of the Invoice value
Interest rate
11 to 12%
Tenor
Renewable yearly
Processing time
Within 15-20 days post submission of all documents
NPA and Loan Restructuring
Please email us on distressed [at] loanwoan [dot] com for more details.
