Srei Equipment, United Bank to jointly offer loans

The Loan Utsav were held in Delhi, Mumbai, Hyderabad, Ahmedabad, Pune, Nagpur, Jaipur, Haldia, Durgapur, Ranchi, Keonjhar, Bolangir, Patna, Vijayawada, Rajkot, Chandigarh, Karnal, Udaipur, Lucknow, and Bhopal.under a co-lending arrangement. The NBFC and the bank jointly organised Loan Utsav across 20 cities. This initiative is in line with the announcement made by Finance Minister, Nirmala Sitharaman, to organise gatherings across India where banks along with their NBFC partners would offer loans to sectors like MSME and retail.under a co-lending arrangement. The NBFC and the bank jointly organised Loan Utsav across 20 cities. Loans were offered to MSME sector and retail customers against purchase of construction equipment at affordable EMI options. Loan to value of up to 90 per cent of the equipment were offered for tenure of up to five years, while a moratorium of 30-60 days was also awarded depending on the loan structure and size.under a co-lending arrangement. The NBFC and the bank jointly organised Loan Utsav across 20 cities. Srei Equipment?s OEM partners from internationally acclaimed brands such as Komatsu, JCB, Volvo CE, SANY, Kobelco, Tata Hitachi, Hyundai, Liugong and L&T Construction and Mining Machinery were present at the Loan Utsav. The manufacturers presented a plethora of infrastructure equipment such as excavators, tippers, loaders, motor graders etc, for the customers.under a co-lending arrangement. The NBFC and the bank jointly organised Loan Utsav across 20 cities.