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Term Loans

Contractor's Term Loan - A uniquely designed term Loan Facility for Contractors.

Micro, Small and Medium Enterprises (MSMEs) is the backbone of economic growth. KGB offers loans to cater various business needs of Contractors/Sub-Contractors under MSME segment

Purpose

  • For purchasing brand new equipments
  • For acquiring office premises

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Eligibility

  • Borrowers can be Individuals, proprietary, partnership concerns, SHGs, Companies, Trusts in MSME segment (service units) engaged in contractor/sub- contractor activity and falling within the meaning of Micro, Small & Medium Enterprises as defined in MSMED Act, 2006
  • Borrower should have satisfactory dealings with the Bank
  • For new units, size and turnover will be considered in order to estimate the eligible limit.

Limit

  • Minimum Limit Rs: 10 Lakhs and Maximum Limit Rs: 1 Crores.

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Margin

  • A margin of 10% needs to be invested by the borrower.

Security

  • Needs to be backed by Collateral security of Immovable property
  • The value of Collateral security should not be less than 150% of the working capital limit.

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Repayment

  • 5 years inclusive of repayment holiday period, if availed for the purpose other than construction
  • 7 years inclusive of repayment holiday period, if availed for the purpose of construction/purchase of equipment

  • Please visit Loan interest rates page for details.
  • Please visit Service charges page for more details.

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