Loan to Small and Medium Enterprises (SMEs)
|Interest Rates||Interest Rate: BR+1.25% (9.77%) **T&C Apply
Processing Charge: 1%
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
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