Base Rate + up to 2.00% p.a. Premier STDL - OC
Base Rate + up to 2.00% p.a. Premier SME/ Card Merchant Loan � WC Loan
Base Rate + 0.50% up to 2.50% p.a. Premier SME/ Card Merchant Loan � FTL Loan
Explore Other Interest Rates
Prospective Customers
- Industrial sector such as small and cottage industry
- Trading , sector such as wholesaler, stockiest, retailers, importers, exporters and suppliers
- Service sector such as hotel/lodge, restaurants, medical clinics, travel agencies
- Wholesalers, Retailers, Readymade garments, handicrafts etc
Basic Criteria of Eligibility
- Satisfactory Profit margin substantiated by positive cash flow
- Already established/running enterprise with good profit margin in last 1 years or new enterprise to be established by individual having proven first hand experience of at least 2 years in similar business entity.
- Loan to be secured by Fixed Assets Collateral
Credit Facility Limit
- Funded and Non - Funded Facility : Rs. 0.50 Mil to Rs. 120.00 Mil
Loan Tenure
- SMEs Term Loan: up to 12 years (including 1 yr grace period)
- SMEs Working Capital Loan (Demand loan/Overdraft/Trust Receipt): Annual renewal basis
Repayment
- Either equal/ballooning installment on a monthly or quarterly basis
- Repayment of Term Loan may be fixed on EMI basis
Interest Payment
- Except in cases where repayment of Term Loan is fixed on EMI basis, Interest on all credit facilities is payable on every quarter end.
Interest Rates
- SMEs Fixed Term Loan : Interest Rate
- SMEs Working Capital Loan : Interest Rate
Letter of Credit/Bank Guarantee/Cash Margin/Commission: As per Bank's Schedule of Charges
Loan Processing Fee: As per Bank's schedule of charges
Annual Renewal Fee: As per Bank's schedule of charges
For more details please contact any of our Branch Offices
* Condition Apply