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CENT – CONSTRUCTION EQUIPMENT FINANCE SCHEME (CCEF)

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Central Bank

CENT – CONSTRUCTION EQUIPMENT FINANCE SCHEME (CCEF)

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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.
For Loan Tenor Premium will be: 1 year to 3 years is 0.25% & 3 years to 5 years is 0.50%.

 

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.
Margin  
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