• Samata Bank provides different types of term loans having a different interest rate, term, qualification. Term loan is a short to long term loan given by banks to business. Businesses utilise this amount to meet its working capital requirements, asset purchase, expansion, etc

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  •  Type of Loan :  Term Loan.
  •  Purpose :  Capital expenditure, acquisition of fixed assets like purchase of machinery/equipments, expansion, modernization/technology up- gradation activities etc.
  • Maximum Loan Limit : Need based– within the bank’s exposure limit.
  •  Margin :  As per Banks policy from time to time.
  •  Repayment :  Maximum up to 60 months.
  •  Rate of Interest :  As per Bank B.O.D.

  • Who can borrow :  Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies
  •  Prime Security :  Mortgage of landed property, Hypothecation of Plant & Machinery.
  •  Collateral Security :  If required, on case to case basis.

  • Duly filled in application form signed by the customer
  • KYC Documents - Business Proof
  • KYC Documents - (Applicant & Guarantor)
  • Relevant financial documents - ITR/P&L /Balance Sheet ( Applicant & Guarantor) 
  • Bank account statement of last 6 months
  • Photograph
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