Welcome to Common's Man Bank

ISO 9001:2015 Certified Bank (Certificate No. HQM153920)

Commercial Loans

Purpose:

To meet the working capital requirement of the business activity.
For purchase of plant/construction/renovation of factory / offices / shop
For purchase of plant & machinery/equipment.

Interest Rate 12%

Loan Limit

Up to Banks exposure limit & Margin

Loan tenure

For Working Capital – 12 months subject to renewal based on performance.
For Term Loan – 60 months. The repayment period will be decided by the bank at its discretion

Moratorium Period – In case of Term Loan- Based on the business cycle

Eligibility

Proprietor, Partnership Firm, Private Limited Company, Public Ltd Company

Security

First Charge on the Fixed Asset acquired through the Loan Amout
Mortgage of immovable property

Processing Charges

1.00% of Loan Sanctioned amount + GST

Other Details

Margin: 25% to 50% of fair market value of the property as per the valuation report.
Guarantors: Two guarantors with adequate Net worth and Personal guarantee of the Partners/directors as the case may be
Share Holding: 2.5% of the loan amount
Other General Terms & Conditions –As per Bank’s sanction

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