Time loan- Work Order

Time Loan-Work Order is allowed favoring a contractual firm for execution of work/supply order awarded from the Govt., Semi-Govt. and autonomous bodies.


  • Usually disbursement is made with the progress of execution
  • Usually customer is allowed up to a certain percentage (%) of the construction work order and supply order value
  • Validity of the facility is matched with the validity of work/supply order
  • It is adjusted (gradually) through making proportionate deduction from the assigned bills received from the work/supply order awarding authority
  • Primary security: Assignment of the bills against the work/supply order