|Bank||Central Bank of India|
|Scheme||CENT – CONSTRUCTION EQUIPMENT FINANCE SCHEME (CCEF)|
|Description||For financing New Machinery/Equipment/Vehicles for construction activities|
|Eligibility||Firms/Companies (including Contractors) engaged in construction activity.|
|Rate of Interest & Repayment||Rate of Interest:
Up-to Rs.1Crore (Term Loan up-to one year):
· Up-to Rs.10.00Lac: MCLR + 0.50%.
· Above Rs.10.00Lac to Rs.100Lac: MCLR + 1.00%.
Above Rs.1Crore: Based on Customer Credit Rating.
Repayment: Loan is to be repaid in Maximum 60 equated monthly instalments (EMIs), commencing from next month of first disbursement.
|Collateral||25% of the loan amount by way of mortgage of property/ land & building/ Liquid security.|
|Composite /loan Limit||Maximum Rs.5.00Crore.|
|Detail Link||View Link|