1. Target Segment
Cinema Houses situated in the sate of Kerala owned/leased in by any legal entities
2. Purpose
To purchase digital movie projectors Make: Range of Ray Photon 3 chip DLP projectors or similar Marketed by: Real Image Media Technologies Pvt. Ltd with an Equipment value ranging between Rs 6 Lakhs to 10 Lakhs depending on specifications
3. Eligibility
Eligible borrower category would include Independent Theatres / Complexes owned/leased in by:
- Individuals
- Joint applicants
- Proprietorship Firms
- Partnership Firms
- Limited Companies
Subject to technical feasibility certified by RIMTL.
4. Nature of facility
Term Loan
5. Limit
Maximum Rs 8 Lakhs per theatre.
6. Margin
20%
7. Repayment
60 equal/equated monthly installments. Condition apply.
8. Rates & Charges
Please refer rates & charges page
9. Security
Primary: Hypothecation of digital movie projectors and other
Accessories
Collateral: Nil
Co-obligant/Third party Guarantee: Nil
CGTMSE cover is compulsory for all loans sanctioned under the scheme.
10. Processing Fee
0.50 % of the limit sanctioned
11. Other conditions
An operative current account should be maintained by the borrower with any of the branches of their choice, with a standing instruction to transfer the loan installments on the due dates.