Netbanking

MSME's Loans

The Greater Bombay Co-operative Bank Ltd. offers specialized scheme designed to provide a specified portion of the bank lending to specific sectors / small scale industries engaged in manufacturing & service sector which will significantly contribute to an all round development of the economy.

Highlights

Facilities Offered	-Cash Credit - Term Loan - Short Term Loan - LC backed Bills Discounting - Letter of Credit (DP-DA up to 90 days) - Bank Guarantee
Who is Eligible	Entities (engaged in manufacturing or services) who fit under the guidelines of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 as given below in Table 1.
Min. Exposure	Rs. 25.00 lakhs
Max. Exposure	Rs. 250.00 lakhs
Rate of Interest	Minimum 11.00% p.a. Maximum 15.00% p.a.
Primary Security	Assets created out of bank finance. (The same will vary depending on the loan facility availed).
Collateral Security	75% of the Limit/Loan Amount/facility availed except for Short Term Loan where collateral security is 100% of the loan amount.
Guarantor	Two guarantors having a regular source of income including any family members business stake holders

Share membership : 2.5% of loan amount.

Nature of facility	Cash Credit
Eligibility	Individuals /Proprietorship Concerns /Regd. Partnership firms/ Pvt.Ltd.Cos./Ltd.Cos.; engaged in Trading activity /Service Providers
Purpose	Working Capital
Loan Amount	Upto Rs.10 lakhs
Rate of Interest	13.00% to 14.50% P.A
Security	35% of the loan value in form of tangible security (T&C Apply)

Share membership : 2.5% of loan amount.

Nature of facility	Cash Credit
Eligibility	Individuals /Proprietorship Concerns /Regd. Partnership firms/ Pvt.Ltd.Cos./Ltd.Cos.; engaged in Trading
Purpose	Working Capital
Loan Amount	Upto Rs.20 lakhs
Rate of Interest (based on internal credit rating)	12.50% to 13.50%
Security	45% of the loan value in form of tangible security (T&C Apply)

Share membership : 2.5% of loan amount.

MSME's Loans

The Greater Bombay Co-operative Bank Ltd. offers specialized scheme designed to provide a specified portion of the bank lending to specific sectors / small scale industries engaged in manufacturing & service sector which will significantly contribute to an all round development of the economy.

Greater Line of Credit (LOC) for Micro Small & Medium Enterprises (MSMEs)
Greater Business Facility
Greater Vyapar Facility

Highlights

Facilities Offered	-Cash Credit - Term Loan - Short Term Loan - LC backed Bills Discounting - Letter of Credit (DP-DA up to 90 days) - Bank Guarantee
Who is Eligible	Entities (engaged in manufacturing or services) who fit under the guidelines of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 as given below in Table 1.
Min. Exposure	Rs. 25.00 lakhs
Max. Exposure	Rs. 250.00 lakhs
Rate of Interest	Minimum 11.00% p.a. Maximum 15.00% p.a.
Primary Security	Assets created out of bank finance. (The same will vary depending on the loan facility availed).
Collateral Security	75% of the Limit/Loan Amount/facility availed except for Short Term Loan where collateral security is 100% of the loan amount.
Guarantor	Two guarantors having a regular source of income including any family members business stake holders

Share membership : 2.5% of loan amount.

Nature of facility	Cash Credit
Eligibility	Individuals /Proprietorship Concerns /Regd. Partnership firms/ Pvt.Ltd.Cos./Ltd.Cos.; engaged in Trading activity /Service Providers
Purpose	Working Capital
Loan Amount	Upto Rs.10 lakhs
Rate of Interest	13.00% to 14.50% P.A
Security	35% of the loan value in form of tangible security (T&C Apply)

Share membership : 2.5% of loan amount.

Nature of facility	Cash Credit
Eligibility	Individuals /Proprietorship Concerns /Regd. Partnership firms/ Pvt.Ltd.Cos./Ltd.Cos.; engaged in Trading
Purpose	Working Capital
Loan Amount	Upto Rs.20 lakhs
Rate of Interest (based on internal credit rating)	12.50% to 13.50%
Security	45% of the loan value in form of tangible security (T&C Apply)

Share membership : 2.5% of loan amount.

You may also be interested in

Personal Loan