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  • Features
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Features

Nature of Facility Cash Credit / Term Loan
Purpose Working Capital needs & Acquisition of fixed assets
Target Group Individually managed proprietary/partnership firm or closely held public/private limited companies in the Small and medium industrial and trading sector under C&I and SIB segments.
Quantum of loan (Min/Max) Rs. 1.00lakhs to Rs.500 lakhs
Margin (%) 25% for working capital component and 33% for TL component
Pricing Competitive Pricing Linked to EBLR & MCLR
Collateral Security As per Bank's extant norms for WC and TL
Repayment Period 1. WC loan to be renewed every year.
2. TL not more than 7 years excluding moratorium not exceeding 12 months
Processing Fee: As applicable to SSI /SBF / C&I units as per as per Bank's latest Instruction.

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Last Updated On : Thursday, 10-09-2020

Interest Rates

8.40%* p.a.

w.e.f. 01.09.2023

*T&C Apply.

 

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