Laghu Udyami Credit Card

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Laghu Udyami Credit Card

Objective : To meet the working capital requirements of Micro & Small Enterprises [Both Manufacturing & Services]

Features
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.
Margin : 25%
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
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