No.67/1, Kanakapura Road,
Bangalore - 560 004

080 – 2242 0237
info@canbankfactors.com

Other Products

CORPORATE LOAN AGAINST PROPERTY (CLAP)

“CORPORATE LOAN TO MSMEs” – Against properties. 

PURPOSE:

To provide loans against the security of  mortgage of property (factory land and building, residential house/plot/flat and non-agricultural land) to the businessmen/industrial entrepreneur/ companies etc., for meeting their business needs such as supplementing working capital requirements/repairs, renovation extension of their factory or their business place, purchase of machinery, equipment /addition to existing building /takeover of existing liability with banks or other financial institutions, to carve out a portion of working capital limit and convert the same into term loan   or any other purpose relating to running the business.

QUANTUM OF LOAN:

50% of the value of the property proposed to be offered as security as per the valuation report given by the panel valuer. 

REPAYMENTS:

The entire loan amount along with interest debited from time to time shall be cleared in equated monthly installments/quarterly installments within a maximum period of 5 years.

 

 

“LOANS AGAINST HYPOTHECATION OF PLANT & MACHINERY AND EQUIPMENTS”

PURPOSE:

  • For purchase of new Plant & Machinery and Equipment.
  • Second hand machineries are not eligible under this scheme except Printing Machinery.

QUANTUM OF LOAN:

  • 80% of cost in case of new Plant & Machinery and Equipment.
  • 50% in case of second hand machinery subject to valuation by approved Valuer.

MARGIN:  Margin will be 20%.

REPAYMENTS:

Repayment of Loan in equated monthly installments within a Maximum period of 5 to 7 years depending upon repayment capacity (Maximum holiday period – 3 months).

SECURITY:

  • Prime Security: Hypothecation of Plant & Machinery and Equipment proposed to be purchased out of our finance.
  • Collateral Security:
    • 100% collaterals in the form of EMT of the property/deposits.
    • In case the client is a new Company which is in existence for less than 5 years, 125% Collateral by way of EMT of property/deposit.