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REC Limited

Financial Products

Short Term Loan

Loan for borrowers to meet their Working Capital Requirements


Eligible Entities

  • State Sector Power Utilities and State Governments.

 

Extent of Assistance 

  • Loan amount shall be within balance credit exposure limit available to the Utility as per REC norms.

 

Tenor of Loan 

  • Up to 1 year.

 

Interest Rate and Other Charges (Commitment/ upfront/ any other)  

  • Depending upon Grade of the Borrower and as per prevailing Loan Policy.

 

Other Loan Conditions

  • Security – “Hypothecation of material/assets” or “State Govt. Guarantee” or “Bank Guarantee” or “Corporate Guarantee” or “A mix of these securities”, as acceptable to REC. In addition, suitable escrow covers acceptable to the Corporation.
  • Other conditions as per policy and decided by Corporation on case to case basis.
Page Last Updated At: 17/05/2022 - 11:43 AM
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