Eligibility

• New/ Existing MSEs having Sole Banking arrangement with our Bank.
• Working capital, Term Loan & Working Capital Term Loan can be considered.
• The account should not be under SMA1 and SMA 2 category in last 12 months.
• In case of new borrowers, the CIBIL/ CRIF High Mark Score of all promoters should be 700 and above.

Purpose

Purchase of machineries, construction, repair, upgradation, Fresh & additional working capital in form of LC/LG, WCTL.

Loan Amount

Minimum - Above Rs. 20 Lacs

Maximum - Rs. 10 Crore.

Security/ CGTMSE Cover

The loan will be secured by CGTMSE up to Rs 10.00 crore. Premium for the coverage shall be borne by the borrower.

Margin

Minimum margin of 20% on stocks & 25% on Book Debts, 20% of the invoice value for purchase of Equipments, Plant & Machinery, construct work shed/ factory premise & Vehicles etc.

Rate of Interest

As per circular in force based on Internal/external rating of the account.

Concession of 0.50% in the applicable interest rate is offered to youth and women borrowers under the scheme.

Repayment Period

Maximum period of 84 months including holiday period up to 12 months.

Processing Fee

• Concession of 50% on upfront fee for term loan, if TL margin is 50% & above.

• In other cases, Applicable Processing Charges/ Upfront fee as per service charges circular in force.

Other Condition

• Udyam Registration Number is mandatory for all MSE units.
• Separate additional Term Loan(3% of original Term Loan) shall be sanctioned on borrower's request to pay year-on-year CGTMSE fee for the first 3 years. This loan is to be repaid in 36 EMI without any holiday period.