Objective : To provide hassle free credit facilities both for working capital and capital expenditure to MSME borrowers who are willing to provide mortgage of property of adequate value.
|Quantum of Loan||:||65% realizable value of the Security subject to a maximum of `5.00 crores depending upon category of Enterprise|
|Repayment||:||Working capital loans [CC/OD] is valid for 12 months. However interest should be serviced with in 15 days after charging.
Term Loan 60 Months including moratorium. Demand loan maximum 36 months
|Security||:||Primary : Hypothecation of assets acquired by Bank Finance.
Collateral : 153% of Loan amount in the form of equitable/ registered mortgage of land/building.
|Interest Rate||CLICK HERE to view interest rates|
[Working Capital Loans]
|:||CLICK HERE to view Processing Fee|
|:||CLICK HERE to view Up-Front Fee|