is to cover immediate needs of the company,
in the normal course of business activity.
end use of the funds provided by APIDC shall not
be for Speculative and Real Estate purpose.
of the loan shall not exceed 36 months with a
moratorium of 6 months and repayment shall commence
immediately after 6 months.
case the loan tenure is 2 years, the moratorium
shall be 3 months and repayment shall commence
immediately after 3 months.
shall not be less than Rs.50.00 lakhs and
maximum of Rs.200.00 lakhs.
shall arrange post-dated cheques towards
repayment of loan and interest.
shall be repaid in monthly / bimonthly installments
and interest shall be paid with quarterly rests.
party shall pay Service charges at 0.25% and Up-
front fee at 0.5% of the Sanctioned amount.
of interest - 11.50% p.a. net with quarterly rests
from the customer for sanction of Medium
Term Loan shall be made in the prescribed application