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- Medium Term Loan Warning: Attempt to read property "id" on null in /home/saleupp/public_html/inner.php on line 269
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> Long Term Loan
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> Short Term Loan Warning: Attempt to read property "id" on null in /home/saleupp/public_html/inner.php on line 269
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> Debt Refinancing Warning: Attempt to read property "id" on null in /home/saleupp/public_html/inner.php on line 269
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> Equity Financing Warning: Attempt to read property "id" on null in /home/saleupp/public_html/inner.php on line 269
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> Financing Of Equipment Manufacturing (Em) For Power Sector Warning: Attempt to read property "id" on null in /home/saleupp/public_html/inner.php on line 269
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> Financing of Coal Mines Warning: Attempt to read property "id" on null in /home/saleupp/public_html/inner.php on line 269
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> Policy For Funding Against Regulatory Assets (Excluding return On Equity Component) Of Power Utilities Warning: Attempt to read property "id" on null in /home/saleupp/public_html/inner.php on line 269
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> Revolving Bill Payment Facility(RBPF) Warning: Attempt to read property "id" on null in /home/saleupp/public_html/inner.php on line 269
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> Loan Policy Circular Warning: Attempt to read property "id" on null in /home/saleupp/public_html/inner.php on line 269
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> Consumer Awareness
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Medium Term
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Loan for borrowers to meet their Medium Term Requirements
Eligible Entities
- Central/State Govt. Power Utilities and State Governments, except Grade “C” Borrowers.
Extent of Assistance
- Loan amount shall be within balance credit exposure limit available to the Utility as per REC norms.
Tenor of Loan
- 1 year to 3 years.
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 cover acceptable to the Corporation.
- Other conditions as per policy and decided by Corporation on case to case basis.
