Credit Facilities for SME's

Purpose For acquisition / refurbishing of Fixed Assets / Working Capital Requirement / Take Over of existing facilities from other financial institutes.
Eligibility Individual/s, Sole Proprietary Concern, Partnership Firms, Limited Companies
Maximum Loan Amount As per requirement of business subject to Bank’s exposure limit.
Margin [a] Working Capital : 30% on Paid Stocks, 40% on Book-Debts not exceeding 90 days old.
[b] Term Loan : 25% on Fixed Assets acquired.
[c] Property Mortgage Loan : 50% on Market Value of Property offered as Security.
Repayment Period [a] Working Capital : 1 year subject Annual Review
[b] Term Loan : Maximum 7 years.
Security Principal : Hypothecation of Stocks / Book-Debts / other Current Assets

Working Capital : Hypothecation of Machinery / Other Fixed Assets, Mortgage of Immovable Properties
Guarantators Two Guarantors acceptable to Bank.
Collaterals Market / realizable value equivalent to 100% of Credit facilities in the form of Properties / paper Securities.
Processing Charge 0.20% to 0.50 %
Subscription of Bank's Share 2.5% Max Rs.5.00 lacs
Pre-payment Charges

Terms & Conditions Apply.
Visit nearest branch for more details.

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