TAICO Bank target 250 crore business loan

Chennai Thaico Bank provides loans of up to 250 crores. The bank offers a variety of loan products, including term loans, working capital loans, and project finance loans. 

 

Thaico bank scheme to provide loans to small and medium enterprises

The eligibility criteria for a loan of 250 crores vary depending on the product, but generally, the borrower must have a good credit history and be able to provide collateral. The interest rate on a loan of 250 crores will also vary depending on the product and the borrower's creditworthiness.

Here are some of the loan products offered by Chennai Thaico Bank that have a loan amount of up to 250 crores:

Term loans: Term loans are used to finance long-term assets, such as plant and machinery, or to meet working capital requirements. The repayment period for a term loan is typically between 5 and 10 years.

Working capital loans: Working capital loans are used to finance short-term needs, such as inventory and accounts receivable. The repayment period for a working capital loan is typically between 1 and 3 years.

Project finance loans: Project finance loans are used to finance large-scale projects, such as power plants or infrastructure projects. The repayment period for a project finance loan is typically between 5 and 15 years.

If you are interested in applying for a loan of 250 crores from Chennai Thaico Bank, you can visit their website or contact their customer service department.

Minister Anbarasan while inspecting the CITCO office in Guindy yesterday, through the Entrepreneurship and Innovation Institute, 3.32 crore rupees subsidy has been given for 152 new inventions in the financial year 2022-2023, said the minister. A target of 250 crore loans has been set for 3500 companies.