Business expansion Loan<
Our Bank provides term loan facility for setting up of new and additional business unit, acquisition of fixed assets like factory shed/ industrial gala, Plant & Machinery, equipments, furniture and fixture etc, up-gradation of existing unit, and to meet short term as well as long term funding requirements.
Brahmadeodada Man Co-op Bank consists of highly experienced professionals who are committed towards understanding your business needs and develop a long term satisfying relationship.
75% of the project cost,
75% for new Machinery(inland/ imported machinery)
50% for second hand machinery (inland/ imported machinery)
Maximum Repayment period is 120 EMI’s.
Holiday period provided, depending on project.
Proposal also consider on future prospects of business & its techno-financial viability.
Help to improve your project by our Industrial finance team.
Service Charges and Share money will be as applicable.
Collateral security required as per Banks prescribed norms.
Brief history and profile of Company and its promoters
Bank Statements for last 12 months of all existing loan /OD accounts
Audited Financials for last three financial years.
Sanction Letter of an existing bank limit (if any).
Any other documents as required by the bank at a later stage
ROI Up to Rs 5 Lac 16.50%
Above 5 lac up to 25 Lac 15.50%
Above 25 lAc to 50 lac 15%
Above 50 lac 14%
Following Ratioes are important to check the liquidity & Financial health
|1||Debt Service Coverage Ratio (DSCR)||Profit After tax + Depreciation + Interest on term /loan installments + interest on Term Loan||1.50|
|2||Fixed Assets Coverate Ratio-FACR||Net fixed Assets / Long & Medium Term Debts||1.50|
|3||Debt to equity Ratio||Total Debt / Equity (Net Worth)||2:1|
|4||Return on Capital Employed (ROCE)||Net Profit / Net Worth * 100||12% to 15%|
|5||Return on asset (ROA)||Net Profit / Average Working Fund||* 100 1%|
|7||Operating Ratio||Operating Expenses / Net Sales * 100||Higher ratio Indicates operational efficiency|
|8||Interest service coverge Ratio||Profit Before Interest and Tax / Interest Expenses||2.50% (Higher Ratio Indicates Better Ratio Financial health)|
|Sr.No||ID Proof identity document||Residential Proof|
|2||Voter ID||Bank A/C Statement or Passbook|
|3||Driving License||Income/Wealth tax Assessment|
|4||Govt. / Defence ID||Electricity Bill|
|5||ID card of reputed Employer||Gas connection Receipt|
|6||Student ID||Telephone Bill|
|7||UID Card||Document Issued by GOI/State Gov/ Local Body|
|8||Other Photo ID||Letter from Employer/Recognized Public Authority|
** If Customer is Company.
Registration of loan with Company Registrar Pune within 1 months from Disbursement of Loan Installment . Certificate of Registration is required.
Certificate of incorporation
Certificate for commencement of Business
Permanent Accout Number, TiN YÉÂVat YÉÂ Central excise
Company I.E.M. Certificat
Maharashtra Pollusation Control Board Certificate.
Memorundam of Association
Article of Association