Term Loans
New is always better, go for expansion!
Any Loan which is to be repaid through easy instalments i.e. monthly, quarterly or Half Yearly over a period more than 1 year is classified as Term Loan. The tenure of the Loan can be up to 20 years depending on the loan and industry.
Term Loan is usually availed to invest in fixed assets , new projects , acquisitions, new business etc.
Expand your business @ 8.75%
*T&C Apply | Rate of Interest Linked with Repo Rate and subject to changes as per RBI circulars
Know More about TERM LOAN
The following people are eligible to apply for a Term Loan:
~ Individuals, proprietors, partnership firms, private or public companies, retailers, traders or any other business owner engaged in the business of service, manufacturing products, or trading sectors.
~ The borrower should be a minimum of 21 years of age when applying for the loan and should be no older than 65 years on maturity of the loan.
The following documents are required to apply for a Term Loan:
~ FY23 Provisional financial
~ Last three years Audited financials( FY-22 & FY-21, FY-20) ITR with Computation, Balance sheet, Profit & loss with Schedule, Tax Audit Report -Form 3cb, 3cd.
~ Sanction Letter of all loans along with Schedule & updated loan sheet.
~ Last 12 months bank statements of all banks.
~ Address proof (Telephone bill or electricity bill)-Latest (within 60 days)
~ Udyam registration certificate
~ Trade reference 5 Buyers & Suppliers contact details along with the volumes for last two years and 2 personal references (Friends and relatives)
~ GST Certificate & GST Return since April 22 to till date
~ Profile of the company (History, Product, and Operation)
~ Stock, Debtors & Creditors statement April 22 to till date
~ Month wise sale list April 22 to till date
~ Projections / CMA
~ Valuation & Legal Technical Cheque.
~ Group Company Financial and Sanction letter if any
~ Profile of the Company (History, Products, and Business)
~ Property Papers –
-Sale Deed Including Back Chain.
-Map of Sanction Plan.
-Property Tax Slips
Proprietor & Co-Applicant Documents
~ ITR Return with computation for last 2 Years
~ KYC – PAN Card, Aadhar Card
~ Photographs of each individual
The following documents are required to apply for a Term Loan:
~ FY-23 Provisional financial
~ Last two year audited financials (FY-22, & FY-21, FY-20) ITR and Computation, Balance sheet, Profit & loss a/c Schedule, Tax Audit Report -Form 3cb, 3cd.
~ Form 26AS If any
~ Sanction Letter of all loans with Schedules
~ Last 12 months bank statements of all banks.
~ Business Incorporation date proof- PAN Card
~ Partnership deed.
~ Udyam registration certificate
~ Address proofs (Telephone bill or electricity bill)-Latest (within 60 days)
~ Trade References 5 Buyers and 5 Suppliers contact details along with the volumes for last two years and 2 personal references (Friends and relatives)
~ GST Certificate & GST Returns since April 22 to Till Date
~ Stock, Debtors & Creditors statement April 22 to till date on company letterhead.
~ Month wise sale list April 22 to till date on company letterhead.
~ Projections /CMA
~ Profile of the company (History, Product, and Business)
~ Group Company financial and Sanction Letter. (If any).
~ Valuation & Legal Technical Cheque.
~ Property Papers – (Front and Back).
-Sale Deed Including
-Map of Sanction Plan.
-Property Tax Chillan.
Partners Individual Documents
~ ITR with computation for the last 2 years.
~ KYC – PAN Card, Aadhar Card
~ Photographs of each individual
The following documents are required to apply for a Term Loan:
~ FY- 23 Provisional financial
~ Last three years Audited financials (FY-22 & FY-21,FY-20) ITR with Computation, Balance sheet , Profit & loss with schedule, Independent auditors report & Tax Audit Report -Form 3ca, & 3cd.
~ Form 26AS (If Any).
~ Sanction Letter of all loans along with Schedules & updated loan sheet.
~ Last 12 months bank statements of all banks.
~ Business Incorporation date proof- PAN Card
~ MOA (Memorandum of association) and AOA (Articles of Association) + Certificate of Incorporation.
~ Udyam registration certificate
~ Address proof Telephone bill or electricity bill. (Latest within 60 days.)
~ CA certified Net worth statement of Directors and Shareholders.
~ Trade reference 5 Buyers & Suppliers contact details along with the volumes for last two years and 2 personal references (Friends and relatives).
~ Stock, Debtors & Creditors statement April 22 to till date
~ Month wise sale list April 22 to till date
~ Projections /CMA
~ GST Certificate & GST Return from April 22 to Till Date.
~ Profile of Company (History, Product, Business).
~ Valuation & Legal Cheque.
~ Group Company Financials and Sanction Letter.(If any).
~ Property Papers – (Front and Back Xerox).
-Sale Deed Including the last 13 years of Back Chain.
-Map of Sanction Plan.
-Property Tax Slips
Directors Documents
~ ITR Return with computation for last 2 Years.
~ KYC – PAN Card, Aadhar Card.
~ Photographs of each individual
~ 9.50% to 22% per annum
0.5% to 2% one time on the sanctioned loan amount.
The processing fee depends on the credit decision of Financial Institution providing the sanction. At no given point does BazaarMoney / its employees / partners solicit Processing Fee to be paid to our own account. This fee is directly payable to the Financial institution.
Frequently Asked Questions about TERM LOAN
~ Corporate /SME TL – for General Purpose business usage , the tenor can be upto 2 year to 20 years
~ Machinery /Equipment Loan- To purchase Mahchinery, Equipments, vehicles etc 2 years to 7 years
~ Project Term Loan- Especially for setting up new projects or new business with varying tenor 3 years to 12 years
~ Structure Term Loan/ Bridge Loan /Acquisition Term Loan- This is special purpose loan to manage the business given for a flexible tenor
Working Capital Demand Loan (WCDL) is provided to extend long term working capital credit facilities to entrepreneurs.
Suitable for Mid / Large corporates having turnover more than Rs.100 Crores. It shall be within the assessed working capital limits. It can be available as a sub limit of funded working capital limit.
Period of the loan is up to 84 months
Repayment can be made in Monthly /Quarterly / Half yearly instalments
~ Primary : Hypothecation / extension of Hypothecation charge over the fixed assets or machinery
~ Collateral : Extension of charge over current assets. Additional tangible security such as immovable properties / bank deposits etc.
~ Others : Personal guarantee of proprietors / partners / promoters OR Corporate guarantee
~ Tenure up to 60 months
~ Financing for a whole range of construction equipment such as, Backhoe Loaders, Excavators, Mini Excavators , Tipper/ Dumpers, Transit Mixers, Self-Loading Concrete Mixers , Cranes (Pick N Carry, Heavy Duty, Tower & Derrick , Telescopic , Crawler), Wheel Loaders, Compactors, Road Rollers, Pavers, Dozers, Graders, Compressors, Drills, Hot Mix Plants, Concrete Pumps/ Boom Placers, Crushing Plants, RMC Plants, Rock Breakers, WMM Plants, DG Sets, Fork Lifts, Reach Stackers, Piling Rigs and others.
~ Up to 100% finance on asset cost
~ Finance for Used equipment (Re-finance & Re-purchase)
~ Top-up on existing loans
~ Customized financing solutions to meet individual requirements
~ Simple documentation and easy processing.
Funds for setting up new project
*T&C Apply | Rate of Interest Linked with Repo Rate and subject to changes as per RBI circulars
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Loan Tenure up to 10 years
*T&C Apply | Rate of Interest Linked with Repo Rate and subject to changes as per RBI circulars