Indian Bank Bpo Finance

IB-BPO Finance

Target Groups

* Individuals,firms & Companies existing in the field with a minimum of 3 years of satisfactory operations OR Technically

qualified promoters

Purpose

Term loan
Setting up of New office;renovation/replacement of old premises, equipment etc

Working Capital Loan
To meet expenses such as salaries, rent, power,internet access etc.,

Margin

* Working Capital - 40%
(for receivables 30%)

* Term Loan - 25%

Loan amount (Rs. in Lakhs)

Loan amount (Rs. in Lakhs)

Office Capacity Working Capital Term Loan(Existing) Term Loan(New entrants)
(A)For 25 seater 20 10 30
(B)For 50 seater 35 35 45
(C)For 100 seater 50 40 75


Repayment Period

* A & B Category < 36 months
* C Cateogry - Max :60 months.


Security


* Hypothecation of current assets for Working Capital
* Hypothecation of assets created out of Term Loan
* Hypothecation of existing assets as collateral
* Personal Guarantee of all promoters

Interest

Working Capital

BPLR - 2% i.e.9.5%
BPLR for new entrants i.e.11.50%


Term Loan

< 36 months
BPLR - 2% i.e. 9.5%
BPLR for new entrants i.e. 11.5%

36 months & Above
BPLR + T.P. - 2% i.e. 10.00%
BPLR + T.P for new entrants i.e. 12.00%

Documents

* Proof of professional qualification, previous experience
* Audited Balance Sheet for previous 3 years for existing Units
* Project Report for the proposed new unit including projected income
* Estimate approved by the Panel Engineer for renovation of the existing premises
* Quotation from a reputed dealer for purchase of equipment/vehicle
* if EM of land & building is given, then valuation of the property, Legal opinion from approved Lawyer to be obtained.
* NIL EC for 13 years and copy of parent document for 30 years are to be obtained.

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