Should have been in operation for a minimum period of 5 years and consistently making profits for the last 3 years. Dividend paying capacity of not less than two years. Above Rs.5 crore. Based on the Minimum Term Lending Rate fixed from time to time. Actual rate within the rate band depends upon the creditworthiness of the borrower and the risk perception in the prevailing band.
Interest is payable quarterly.
Personal guarantee or Corporate guarantee. Pledge of shares, wherever required on case to case basis. Deed of hypothecation. Demand promissory note.