Contractor Plus
Features & Benefits
Power your contract works with our broad financial solutions offering both funded and non-funded working capital options. Whether you need to purchase materials or manage other operational costs our funded working capital loans offer the flexibility and liquidity you need to keep your projects on track. Also benefit from our non-funded options like bank guarantee and letter of credit to secure your contract and manage supplier payments. You can even consider term loans to invest in equipment, machinery and other capital needs without struggling with your cash flows.
Eligibility
- Individuals, Proprietorship Concerns, Partnership Firms, Private/Public Limited Companies or any other legal entities who undertake execution of works of Government Departments, Semi-Government Institutions Public Sector Undertakings are eligible for finance. Sanctioning authorities after exercising utmost care and due diligence can finance works awarded by Companies/ Concerns/ Undertakings/ Institutions other than Government Departments, Semi Government Institutions and Public Sector Undertakings based on merits of each of the cases.
- Sub-contractors executing works on behalf of main contractors who have been allotted works by the above mentioned categories of Undertakings.
To avail the loan, you may visit any of our branches or request a call back.
Repayment
Cash Credit & Non funded limits:
Repay in a lumpsum.
Term Loan (TL):
Equated Monthly Instalments (EMI).
Interest Rates & Charges
Please visit the rates and charges page for details