Investment facility for business expansion, purchase of new business space or expansion of existing outlets and capital machineries and also to purchase light or heavy vehicles for business use.
     Facility Type – Term Investment/ Continuous Investment
     Investment Ceiling – 70% of total cash requirement [100% in case of cash collateral (FDR)/enchashable instrument]
     Investment Tenure – Maximum 36 months for Term Investment and grace period may be allowed maximum 6 months; Maximum 36 months for Continuous Investment .
     Nominal Interest Rate.

     Age: At least 21 years.
     Any Small and Medium sector enterprise (Proprietorship/ Partnership/ Private Limited company) having the experience of successfully managing the business for at least 2 (two) years may apply for the Investment.

     Valid trade license.
     Special license/permission (if applicable) for business operation.
     Notarized partnership deed/registered by Sub Register Officer (in case of partnership).
     Investment Tenure – Maximum 36 months for Term Investment and grace period may be allowed maximum 6 months; Maximum 36 months for Continuous Investment .
     Passport/National voter ID/ward commissioner/UP chairman certificate of the Proprietor/Partner/Directors.
     Photo of the proprietor/Partners and guarantors.
     Statement of all active bank Investments (if any).
     Last 12 months bank statement of transactional account.

Primary Security:
     Hypothecation of machineries, equipment, vehicles, inventories.
     Personal guarantee of Proprietor/Partner/Directors and their spouse.
     02(two) 3rd party Guarantors whose Net Worth must not be less than the proposed Investment amount/Investment limit.
     Lien of cash collateral (FDR) and other encashable financial instrument (in any)

     Registered mortgage of property/ownership of the space/possession right purchased in Bank’s name.