MSME Smart Score
Objective : To provide hassle free loans to Micro, Small and Medium Enterprises [Manufacturing & Services] under standardized loan appraisal process based on the score which is computed based on personal background, business, and security particulars.
| Features | ||
|---|---|---|
| Eligibility | : | Individually managed proprietorship / partnership concerns or closely held private / public limited companies |
| Quantum of Loan | : | 20% of the projected sales or 67% of project cost. Minimum `5.00 lacs Maximum `25.00 lacs |
| Repayment | : | Working Capital Loan is valid for 12 months Term Loan 60 Months |
| Margin | : | 33% for Term Loan & 25% for Working Capital Loans |
| Security | : | Primary : Hypothecation of assets acquired by Bank Finance Collateral : Loans upto `10.00 lacs no collateral security required. For loan amount Above `10.00 lacs, 50% of Loan amount |
| Interest Rate | : | CLICK HERE to view interest rates |
| Processing Fee [Working Capital Loans] |
: | CLICK HERE to view Processing Fee |
| Up-Front Fee [Term Loans] |
: | CLICK HERE to view Up-Front Fee |
