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.
|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|
[Working Capital Loans]
|:||CLICK HERE to view Processing Fee|
|:||CLICK HERE to view Up-Front Fee|