National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

IND SME Secure

IND SME Secure

Eligibility

  • All MSME accounts – existing as well as fresh

Amount of Loan

  • Minimum exposure- above- Rs.10 lakh
  • Maximum Exposure
  • Rs.10.00 Crore per borrower
  • Rs.25 crore per group

Margin

  • 25% on stocks and book debts
  • 25% on plant & machinery
  • 10% cash margin on NFB
  • 30% margin on building

Interest Rates

  • Please see the Interest Rate link on home page

Security

  • Hypothecation of stocks, book debts, plant & machinery
  • EM of factory property
  • Value of RBI bonds, NSC shall be accepted as collateral security

Salient Features

  • Financing the MSMEs based on collateral security coverage.
  • Minimum collateral requirement -75% of the limits