Objective : To meet the working capital requirements of Micro & Small Enterprises [Both Manufacturing & Services]
|Eligibility||:||All existing customers of MSME category, enjoying credit limits upto `10.00 lacs whose accounts with the Bank are conducted satisfactorily at least for a period of one year.|
|Quantum of Loan||:||Working capital limits maximum of `10.00 lacs|
|Repayment||:||On demand. However, sanction will be valid for 3 years.|
|Security||:||Primary : Hypothecation of assets financed out of Bank finance.
Collateral : For loan amount upto `10.00 lacs – Nil–
|Interest Rate||:||CLICK HERE to view interest rates|
|Processing Fee||:||CLICK HERE to view Processing Fee|