| Purpose |
Financing for executing the contractual job |
| Financing Ratio: |
Maximum 20% of the contract value. |
| Nature |
Non-revolving but renewable up to contract period. |
| Disbursement |
Upon request of the borrower for the payment of materials, goods, wages or any expenses required as per nature of the contractual job. |
| Principal Repayment |
By 5% addition on the financing ratio from each realized contract bill or within expiry of the contract loan. |
| Interest Repayment: |
On quarterly basis but prior to the expiry of the loan. |
| Security: |
Normally 40% to 100% coverage by the value of mortgaged collateral security depending upon status of the contractor & nature of the contractual job. |
| Tenure: |
Maximum up to contract period. |
