Equipment Refinance

Working Capital Term
Loan Scheme

Short Term Loan

Foreign Currency Loan &
Brand Equity

Merchant Banking

Factoring

Equipment Lease Finance

Regional Offices

HIRE PURCHASE FINANCE

This scheme is currently under review and we will be publishing details of this scheme's revised version soon.

Thank you for your interest.

 OBJECTIVES

UPFC provides hire purchase assistance to acquire plant & machinery etc. with 10% promoter's investment to a concern that intends to expand, modernize or diversify its activities.

ELIGIBILITY

a) Any Industrial concerns, which have been in operation for the last three years and have earned net profit during the last two years.

b) Industrial concern should not be in default to any financial institutions/Bank.

c) New Indigenous /imported equipments or second hand imported equipments.

d) Concern engaged in activity like Nursing Home, Restaurants etc.

e) Office equipment like Xerox, Fax, Computer etc. for professionals.

f) Commercial transport vehicle operators having business for at least 3 years and with positive net worth.

REPAYMENT PERIOD

Three to five years depending upon the economic life of equipments, technological obsolescence, perception of risk as well as profitability of the concern.

MODE OF PAYMENT

Monthly instalments payable in advance with one to 6 months moratorium.

LIMIT OF ACCOMODATION

Besides the existing limit of term loan, maximum assistance upto Rs.240 lacs can be extended.

RATE OF INTEREST

Vary from 9.5% to 11% per annum (flat)

CHARGES

a) Maximum Hire Purchase processing fees of Rs.35,000/- depending upon quantum of assistance.

b) Hire Purchase management fees of 1%.

 ADVANTAGES

1. 90% finance.

2. Quick financing with simple procedural formalities.

3. Depreciation benefit available to concern.