To meet the Working Capital / Capex requirements of Retail and Whole Sale Traders, Micro and Small(Service) Enterprises, Small Business, Professional & Self- Employed persons.
Term Loan / Demand Loan / Overdraft (Running / Operative account) renewable every Year / Overdraft (Reducing Balance Method.
Rs. 100 Lakh (maximum)
Individual / HUF / Proprietary Concern / Partnership Firms / Limited Liability Partnership Firms / Private Ltd Company
Margin :
- DL / TL / OD for Working Capital purposes - Nil
TL (for Capex) - 20% on the relevant assets
Repayment :
- Term Loan (Capex) - 84 months.
- Demand Loan (Business /WC purpose) - 35 months
- OD (Reducing balance method) – 84 months
- Overdraft (running facility) – One year
Security :
- Primary;:
- Term Loan (capex): Asset to be purchased / created
WCDL / Business purpose Term Loan (BPTL) / OD for working capital purpose: Hypothecation of stock / book debts.
- Collateral:
- 125% of the Limit – Non Agriculture property
Interest :
Fees & Charges
- Term Loans/ WCDL/ OD Reducing balance/: 1.00% of the loan amount without any maximum cap + taxes applicable.
- Overdraft (running account): 0.50% of the OD Limit + taxes
applicable