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 18 months with a moratorium
of 3 months and repayment shall commence
immediately after 3 months.
case the loan tenure is 1 year or less, the moratorium
shall be 1 month and repayment shall commence immediately
shall not be less than Rs.20.00 lakhs and more than
shall be repaid in monthly installments and interest
shall be paid with quarterly rests.
shall arrange post-dated cheques towards repayment
of loan and interest.
party shall pay Service charges at 0.25% and Up-front
fee at 0.5% of the Sanctioned amount.
Rate of interest - 12.50% p.a. with quarterly rests
from the customer for sanction of Short Term Loan
shall be made in the prescribed application form.