SME Special

  • Eligibility
    • The unit should be working/in business since last 3 years & with profit. New units may also be entertained selectively on the base of their credit worthiness, worth & market Reports.
  • Rate of Intrest
    • Upto 2.00 lakhs - 11.25%
    • Above 2.00 lakhs up to 5.00 lakhs - 12.00%
  • Repayment Period
    • Cash Credit - On demand / it is to be renewed yearly.
    • Term Loan - Repayment will be in 39 to 60 Month.
  • Proposal Processing Charge
    • 50% Concession PPC & EM charges.
  • Margin
    • 25% of the Requirement.
  • Max & Min Loan:
    • Maximum: Up to 10 Lac.
  • Moratorium
    • Max 6 Month.
  • Security
    Primary
    • Hypothetical of stocks & Receivables.
    Collateral
    • Hypothetical of Machinery /asset to be purchased.
    • Loans upto Rs.2.00 lakhs, must be covered under CGTSME (Except Retail Trade, Edu Institution)
    • Loans above Rs. 2.00 lakhs & upto Rs. 10.00 lakhs with 100% collateral by way of Equitable Mortgage or LIC policy, NSC, KVP etc.
    • For any Loans to Retail Trade, Edu Institution 100% collateral by way of Equitable Mortgage or LIC Policy, NSC, KVP etc.
    • NO TPG:- Required if the self/partner's property given as Mortgage
  • Moratorium