Objective : To provide financial assistance to Micro, Small and Medium Enterprises [Manufacturing & Services] to meet their sudden and unforeseen expenditure.
|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.|
|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|