Core Financial Products

KSIDC > Core Financial Products
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Core Financial Products
  • Term Loan
    • To provide hassle free finance for meeting long-term establishing, expansion, modernizing and plant modification requirements of the applicant.
    • To Partnership, LLP, Private Limited and Public Limited Companies
    • Financial Assistance of Rs. 100 Lakhs to Rs. 6,000 Lakhs
    • Repayment period of 6 to 10 years, fixed depending on the cashflow
    • Moratorium period of 1 to 2 years
    • Interest rate of 8.50% to 10.50% (floating, based on internal credit rating mechanism)
    • Additional 0.5% rebate on prompt repayment of financial assistance
    • Security for the loan shall be exclusive/ pari passu charge over the assets of the unit financed
  • Equipment Purchase Loan
    • To provide financial assistance for meeting plant & machinery / utilities / equipment purchase requirements of the existing/ new clients with good track record
    • To Partnership, LLP, Private Limited and Public Limited Companies
    • Financial Assistance of Rs. 200 Lakhs to Rs. 2,000 Lakhs
    • Repayment period of 6 to 10 years, fixed depending on the cashflow
    • Moratorium period of 1 to 2 years
    • Financial assistance of up to 77.50% of the acquisition cost of plant & machinery / utilities / equipment (i.e., promoter’s margin required shall be minimum 22.50%)
    • Interest rate of 8.50 % to 10.50% (floating, based on internal credit rating mechanism)
    • Additional 0.5% rebate on prompt repayment of financial assistance
    • Security for the loan shall be as per the prevailing lending norms for both the existing and new clients
  • Corporate Loan
    • To provide financial assistance to established Corporate groups for acquisition of assets or/and expansion / modernization / diversifications
    • The group company shall be a reputed player in the sector led by a professional and proven management of good reputation
    • Existing and new clients with good performance track record can avail the scheme
    • Sanction is purely based on the strength of the balance sheet & profitability and volume & prospects of the existing business
    • Financial Assistance of up to Rs. 4,000 Lakhs
    • Repayment period of 5 to 8 years, fixed depending on the cashflow
    • Moratorium period of 6 to 12 months
    • Interest rate of 8.50 % to 10.50% (floating, based on internal credit rating mechanism)
    • Additional 0.5% rebate on prompt repayment of financial assistance
    • Security for the loan shall first charge on the existing fixed assets of the company, assets to be acquired, collateral etc. to cover at least 150% of the loan
  • Working Capital Term Loan
    • To provide hassle free finance for meeting long-term establishing, expansion, modernizing and plant modification requirements of the existing/ new clients with good track record
    • To provide financial assistance to eligible entities for meeting the working capital requirements
    • To Partnership, LLP, Private Limited and Public Limited Companies
    • Financial Assistance of Rs. 200 Lakhs to Rs. 2,500 Lakhs
    • Repayment period of 5 to 8 years, fixed depending on the cashflow
    • Moratorium period of 1 to 2 years
    • Interest rate of 8.50% to 10.50% (floating, based on internal credit rating mechanism)
    • Additional 0.5% rebate on prompt repayment of financial assistance
    • Security shall be first charge over the existing fixed assets of the company exclusively or on a pari passu basis so as to provide security margin of 25% or 133.33% collateral security or a combination of two
  • Share investment
    • To give financial assistance in the form of share capital contribution to public limited entities
    • Equity Share Investment up to 26% in select cases
    • Preference Share Investment up to 11% in select case. Dividend rate prescribed is the term lending rate
  • KSIDC Privilege Card
    • To give financial assistance to the best of KSIDC assisted units having a minimum of 3 years of association
    • The new loan up shall be 50% of the outstanding amount
    • Loans shall be offered in the lowest rate in the interest band
    • Should have good repayment track record with KSIDC and the accounts must be in standard category
    • Has submitted the latest audited/provisional balance sheet
    • Processing fee shall be waived

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Last Updated on: 6 February 2023
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