MSME's Loans

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.

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