| Purpose |
- To finance working capital and/or capital expenditure requirement for businesses involved in trading, manufacturing/production/processing, service.
|
| Eligibility |
- Registered in concerning government authorities / municipality / rural municipality.
- Business units having paid-up capital upto Rs. 1500.00 Lacs.
- For start up business having existence of less than 1 year, minimum 1 year of experience in the similar business/family business of proprietor/ partners/ directors or key persons.
|
| Facility |
- Working Capital Loan by way of OD/STDL/DL/TR/LC/BG
- Term Loan for capital expenditure (Including Vehicle Purchase)
|
| Loan Amount |
|
| Interest Rates |
Competitive rate (Subject to Change) |
| Security |
Primary security:
- For Working Capital: Hypothecation of stocks, debtors, assignment of current assets, bills and receivables of the business.
- For Term Loan: Hypothecation of Fixed Assets financed
- For NFB facilities: Reasonable Cash margin to be sought
|
| Repayment Options |
- Working Capital – 1 year revolving, renew subject to satisfactory conduct
- TL – Upto 10 years
|
| Insurance |
- Comprehensive policy as per banks’ clause.
|
