दि. जालना पिपल्स को-ऑप बँक लि. जालना (The Jalna People's Co-Op Bank Ltd)

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STL Against Machinery / Fixed Assets

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STL Against Machinery / Fixed Assets

Unlock working capital by leveraging your owned machinery or fixed assets.

Purpose

Short-term finance for businesses by pledging machinery, equipment, or other fixed assets as collateral.

Eligibility
  • Proprietorship, Partnership, LLP, or Company
  • Ownership of machinery or fixed assets
  • Good credit history as per bank norms
Interest Rate

13.50% (2% Extra Penal Interest)

Repayment Period

24 Months

Guarantor

Two guarantors of good means are required.

Security

Hypothecation of machinery or fixed assets.

Document Checklist
  • Identity proof
  • Address proof
  • Business registration proof
  • Ownership documents of machinery
  • Financial statements