Term Finance
Features
Purpose of Facility |
Setting up new/green field projects or balancing the existing production capacity for greater efficiency/production or expansion of existing projects or modernizing the old process/machinery to more efficient one or replacing the obsolete machinery or any backward/forward integration for greater synergies. |
Tenor of Facility |
From 2 years up to 7 years |
Amount of Finance |
Limit will be allocated as per business needs/requirements |
Pricing |
Market competitive pricing will be offered |
Pricing Type |
Floating (Revision will be made according to the benchmark used)
For example: If 3 Months KIBOR is used then revision will be made quarterly, similarly for 6 Months KIBOR revision will be made bi-annually. |
Principal Repayment |
Monthly/Quarterly/Bi-Annually/Yearly or complete adjustment at end of tenor |
Markup Payment |
Monthly/Quarterly/Bi-Annually/Yearly payment or at the time of complete adjustment of principal liability (whichever comes earlier) |