At Small Medium Enterprises and Commercial Banking Group (SMEC) short term demand loans are offered to satisfy immediate & seasonal needs of clients with satisfactory track record. Short-term demand loans provide a good source of working capital for your business and need to be secured by adequate collateral.

At Small Medium Enterprises and Commercial Banking Group (SMEC) we have got a great flexible business loan for your general business needs. You can use it for short-term finance, such as settling a bill or purchasing inventory, or for working capital growth. Under this type of financial accommodation the borrower is allowed withdrawal in the current account to the extent of the limit sanctioned. The facility is generally provided against pledge or hypothecation of goods or any other tangible security acceptable under the credit program. You would be required to adjust the advance periodically or within a specific period. The loan may be renewable annually depending upon the agreed terms.

Planning to acquire equipment, plant & machinery, commercial trucks and other assets for your operation needs? Or do you require a long-term loan for land and building?

We can assist you in meeting your business needs with minimal initial capital outflow and hassle. Our credit package offers innovative packages that are flexible and customizable to meet your specific needs.

Long-term loans extended by Small Medium Enterprises and Commercial Banking Group (SMEC) will be of over 12 months with a fixed repayment schedule. SMEC considers the extension of term loans to those transactions that fulfill the following conditions:

• Tenor not more than 5 years from the date of disbursement to the date of final maturity, including the grace period.
  
  
• Has a clear purpose, strong financials, resourceful management, viable cash flow, properly perfected tangible security.
  
  
• Repayments: Principal equally distributed, divided by the number of months, will determine the installments, preferably quarterly stating from the final take down. A grace period of up to two years may be allowed before beginning repayment; depending upon the terms of the loan transaction.