IND SME Secure
| Loan Criteria | Details |
|---|---|
| Target Group |
|
| Purpose | Working Capital Requirements, Purchase of Fixed Assets, Construction of Building etc. |
| Nature of Facility |
|
| Amount of Loan | Minimum Exposure : Above Rs.10.00 Lacs
Maximum Exposure : No Ceiling( For Secured Overdraft, maximum loan amount is Rs 200.00 lakh per borrower) |
| Margin (Promoter’s Contribution) |
|
| Repayment Period | Term Loans – Maximum repayment period of 15 years. |
| Security | Primary Security:
Secured OD : Mortgage of immovable property OCC : Hypothecation of Stocks and Book Debts TL – Machine / Bldg – Hypothecation / Mortgage of assets created out of the term loan. LC / BG / IBN / FBN – As per extant guidelines. Collateral Security: Secured OD : Hypothecation of stocks & book debts. Others : MORTGAGE of properties. |
| Service charges |
|
| Interest Rates |
|
| Application | APPLICATION FORM FOR LOAN |
