This is a tailor-made loan product devised with special focus on the needs of Small and Medium Sized Enterprises to meet their financing requirements in a convenient manner.
Features :
- Tailor-made product devised with special focus on the needs of Small and Medium Enterprises.
- Attractive and Competitive Interest Rate
- Easy & Fast Loan processing
- Revolving or Term Loan based Loan.
Terms and Conditions :
- Loan amounts up to Rs. 100.00 million for financing of working capital and term loan requirement.
- Margin requirement of 25% of paid stock and receivable for working capital natured credit facility and of fixed assets for term loan.
Period of Credit Facility :
Working Capital :
- Working capital limit will be valid for a period of one year, subject to review/renewal upon maturity/expiry.
Term Loan :
- Maximum 11 years including moratorium period of 1 year.
Service and charges:
As per Bank’s Service Charge and Fees Schedule
For detailed information, please visit your nearest Branch.
