Want to purchase new Machinery! why about worried? Namco Bank with you! Industrial manufacturing machinery, business machinery.Loan repayment facility up to 7 years for purchase of commercial machinery, as well as various types of commercial equipment. Loans available at very reasonable interest rates. Loan facility up to 70% of machinery quotation.
| Product Code | Minimum Loan Limit | Maximum Loan Limit | Tenuer / Loan Period | Rate Of Interest | Processing Fees | Others |
|---|---|---|---|---|---|---|
| Mortgage Loan | - | 15 Cr | For Purchasing New Machine - 7 yr (with Moratorium), For old Machine - 5 yr | 12% | 0.50% (Incl. G.S.T.) | For new machinery 30% of machinery quotations. For old machinery 50% of machinery quotations (under 3 year). Guarantor - 2. Shares - Collateral up to Rs.15 lakhs: 1% of sanctioned loan amount or 10,000 whichever is less. (T & C Apply.) |
| 1) - K.Y.C. |
| 2) - Original quotation of the machine with GST number and stamp and signature of the company. |
| 3) - Business Proof, Business Permit, Udyam, Last 3 Yr ITR, Financial Document CA Certified. |
| 4) - CIBIL Report (Statement Of Loan Accounts Showing In CIBIL). |
| 5) - Last 12 Months Statement(Self And Business). |
| 6) - Close Account NOC, Disclosure Of DPD If Applicable. |
| 7) - MPBC(Maharashtra Pollution Control Board) Permission. |
| 8) - GST registration & GST Return. |
| 9) - Work order copy/report of market study/sale plan. |
| 10) Stock debtors & creditors. Margin amount receipt. Security Document - Purchase Deed, Sale Deed ,NA Permit, Approved Map, Completion Certificate, Last 30 Years 6th Record, Title Search. |
| 11) - Machine installation report. |
| 12) - Net worth & no dues certificate. |
| 13) - DCCO letter.( T & C Apply). |