MSME Credit Plus
Objective : To provide financial assistance to Micro, Small and Medium Enterprises [Manufacturing & Services] to meet their sudden and unforeseen expenditure.
| Features | ||
|---|---|---|
| Eligibility | : | Existing Borrowers with good track record |
| Quantum of Loan | : | 20% of the aggregate working capital limits sanctioned to the unit subject to a maximum of `25.00 lacs to Micro and Small enterprises and `50.00 lacs for Medium Enterprises. |
| Repayment | : | 4 months period allowed for repayment. |
| Margin | : | Nil% |
| Security | : | Primary: Hypothecation of assets acquired by Bank Finance with the original limits sanctioned to the firm no additional security required.
Collateral: The available security by way of collateral to the other sanctioned limits will be extended to cover this loan. |
| Interest Rate | : | CLICK HERE to view Interest Rates |
| Processing Fee | : | CLICK HERE to view Processing Fee |
