| 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 wothiness, worth & market Reports.
|
|
Rate Of Int :
|
Upto 2.00 lacs - 11.25%
Above 2.00 lacs upto 5.00 lacs - 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 :
|
|
|
Max & Min Loan:
|
Maximum: Up to 10 Lac.
|
Moratotium : |
Max 6 Month. |
Security : |
Primary:
-
Hypothecation of stocks & Receivables.
Collateral:
Hypothecation of Machineries /asset to be purchased.
- Loans upto Rs.2.00 lacs, must be covered under CGTSME (Except Retail Trade, Edu Institution)
- Loans above Rs. 2.00 lacs & upto Rs. 10.00 lacs with 100% collateral by way of Equitable Mortagage or LIC policy, NSC, KVP etc.
- For any Loans to Retail Trade, Edu Institution 100% collateral by way of Equitable Mortagage or LIC Policy, NSC, KVP etc.
- NO TPG:- Required if the self/partner's property given as Mortgage.
|
|
| | | | |
|
![]() |
