Objective : To provide Pre approved limit for multipurpose needs to entrepreneurs:
- Expansion & Modernization
- Substitution of high cost debts / high cost term debts of other Banks / FIs.
- Up-gradation of technology & energy conservation schemes / machinery.
- Design and introduction of new layouts in the factory to enhance productivity.
- Acquisition of software, hardware, consumable tools, jigs, fixtures etc
- Acquisition of ISO and other similar certifications.
- Business visits abroad for technology, finalizing business deals, participating in exhibitions / fairs for market promotion etc.
|Eligibility||:||Existing or New Corporate / Non Corporate customers of SME (both manufacturing and services sector)|
|Quantum of Loan||:||Maximum : `250 lacs for Manufacturing
`100 lacs to Services
|Repayment||:||Working capital loans is valid for 12 months
Term Loan 36 to 60 Months including moratorium period
|Security||:||Primary : Hypothecation / extension of Hypothecation charge over the current assets and fixed assets and or Pledge of machinery / assets
|Interest Rate||:||CLICK HERE to view Interest Rates|
[Working Capital Loans]
|:||CLICK HERE to view Processing Fee|
[Term Loans ]
|:||CLICK HERE to view Up-Front Fee|