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. 10 Lacs

Maximum - Rs. 10 Crore.

Security/ CGTMSE Cover

The loan will be secured by CGTMSE up to Rs 5.00 crore and more than Rs 5.00 crore by hybrid collateral coverage scheme. 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.

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.