Tuesday, November 19, 2019

Dhanalakshmi Bank- Dhanam Ready Money Loan

Purpose of Loan:

  • Investment in fixed assets such as business premises, furniture and fixtures for business premises, IT systems, interior decoration, machinery, equipments, construction of factory/office buildings or repairs/renovation thereof etc.

  • Working capital requirements for trade/manufacturing/service sectors.

  • Infusion of long term WC.

  • Mismatches in cash flow.

  • Payment of duties/taxes etc.

  • Setting up/expansion of small business/trade.

  • Contractors for earnest money deposits, undertaking contract works.


  • Individual businessmen who are over 21 years of age. Upper age to be considered in such a way that the repayment of the loan would be completed before the applicant reaches the age of 65 years.

  • Proprietorship/partnership firms that have been in existence for at least five years.

  • Limited liability companies which have been in existence for at least five years.

  • Trusts and societies would not be eligible.

Quantum of Loan:

  • Minimum loan amount: Rs.1 lakh.

  • Maximum loan amount: Rs.300 lakhs.

Rate of Interest:

Interest rate for Dhanam Ready Money Loan is (Benchmark Prime Lending Rate) BPLR + 1.


EMIs/quarterly/half-yearly/annual/bullet repayment depending on the nature of identified cash flow.


  • 200% by way of RE.

  • Loan/advance up to 75% of the assessed/market value of other securities like Government bonds/securities, gold, life insurance policies etc.

  • Post-dated cheques covering the installments.

For more information: Website