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Q. Who is eligible?
Construction Equipment: Customers who are involved in road building, civil construction, earthmoving and/ or material handling activities.
Medical Equipment: Diagnostic centers & individual doctors.
Printing Equipment: Printing houses engaged in contractual printing jobs or turnkey printing solutions including artwork and graphic are eligible for the facility.
Q. Which entities are eligible for Term Loans?
- Sole Proprietors / Proprietorship firms
- Partnership Firms
- Pvt. Ltd. Companies (including closely held limited companies )
- Professionals – Doctors
Q. What is the minimum and maximum annual turnover eligibility?
Min. Turnover - INR 4.4M
Max. Turnover – INR 1,100M
Q. What is the maximum loan amount offered?
Maximum Loan amount is up-to INR 88M depending on the financial eligibility conditions being met.*
Q. What is the minimum and maximum tenure of the loan?
The loan tenure is up-to 84 months depending on the financial eligibility conditions being met.*
Q. What is the LTV (Loan-to-Value) offered?
Maximum Loan to Value (LTV) offered is upto 90% depending on the financial eligibility conditions being met.*
Q. What is the interest rate charged on BEL?
We offer attractive interest rates on the facility depending on loan amount, credit assessment and other parameters. Specific details would be provided by the Relationship Manager.
Q. What are the basic documents required for applying for the facility?
- Bank statements for last 6 months
- Last 3 year financials including Profit & Loss (P&L) Statement, Balance sheet and Income Tax returns.
- Contract/Order Book Copies
- Existing Asset Details & Specifications
- Documents related to establishment of entity, identity and address proof documents.
- Specific details would be provided by the Relationship Manager.
Q. What are the pre-closure charges on BEL?
Pre-closure charges– 3% of the outstanding at the time of closure (service charges & taxes extra)
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Note: The FAQs have been prepared for general information only and are subject to change. The ultimate aim of the FAQs is to extend the availability of the information about the product in simple and readable manner and should not be construed as a comprehensive feature of the product.
