SME Loans
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Loan to Small and Medium Enterprises (SMEs)
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Eligibility |
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Facility |
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Limit |
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Interest Rates | Interest Rate: BR+1.25% (9.77%) **T&C Apply Processing Charge: 1% |
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Security | Primary security:
Hypothecation of stocks, debtors, assignment of current assets, bills and receivables of the business.
Hypothecation of Fixed Assets financed
Reasonable Cash margin to be sought Collateral Security: For existing unit: Immovable Property (land and building) covering 125% of loan amount under branch power
For start up business: Immovable Property (land and building) covering 150% of loan amount under branch power |
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Repayment Options |
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Insurance |
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