Autoprint initiative to help their prospective customers continues
The market leader in the printing industry with an installation base of more than 9,000 machines in India and abroad, Coimbatore based Autoprint Machinery Manufacturers (P) Ltd has strategically tied up with the Indian Overseas Bank to provide easy loan to its prospective customers, on merits with their more than 3,500 branches in India. Autoprint is the only printing machinery manufacturing company in India that has tied up with Indian Overseas Bank for the purpose.
To draw the attention of the prospective buyers towards Autoprint products, it has been facilitated by the company and the bank under the MoU that the prospective Autoprint customer can approach the Indian Overseas Bank for loans under the SME category without collateral security for loans up to 10 lakh. The MoU also facilitate NIL Processing charges for it, thereafter too, the charges has been kept very minimal when compared with other banks.
Also as against 25-30 percent in other banks, the margin money has been fixed at a minimum of 15 percent only. Repayment period is between 3-5 years. In exceptional cases seven years with a holiday period of three months. Need based working capital can also be availed by the prospects depending upon their credibility.