Purchase of Gala/Machinery, By Individual/Proprietary concerns/Partnership firms/Private/Public Limited companies.
Rate of Interest
a)25% — In case of new machinery/Equipment.
b)40% — In case of old machinery/Equipment.
c)25% — In case of purchase of Gala/Shop
a)Upto 10 Lacs – 84 months
b)Above Rs.10.00 Lacs -120 months
Prime: Mortgage/hypothecation Movable/Immovable assets to be purchased
Collateral: 30% in case of machineries/equipments.
1% on Loan & Renewals + G.S.T