- SME Special
- 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%
- 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.
Max & Min Loan:
- Hypothetical of stocks & Receivables.
- 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