 |
|
ELIGIBILITY: |
Retail/ Wholesale Traders, Professional & Self Employed, Small Business Enterprises, Rice Mills/ Cotton Ginning/ Oil Millers/ Seed Processing Units |
|
PURPOSE: |
To provide hassle free finance to borrowers in Trade & Services Sector |
|
AMOUNT OF LOAN: |
65% of the realizable value of the property or assessed business requirement of the borrower, whichever is less; Minimum 0.25 lacs Maximum 500.00 lacs
|
|
INTEREST: |
Cash Credit: @0.25% below BPLR, minimum rate – 12.75% p.a. Term Loan: @0.25% above BPLR, minimum rate – 13.25% p.a. For Seed Processing Units: 0.50% below BPLR i.e. 12.50% p.a. For Rice, Cotton Ginning/Oil Millers: 0.25% below BPLR i.e.12.75% p.a. |
|
SECURITY: |
Primary: Hypothecation of stocks and receivables/ Assets acquired of Bank Finance. Collateral: Equitable Mortgage of immovable property minimum of 153% of loan
|
ELIGIBILITY: Owners of residential buildings and commercial properties, which are to be rented or already rented to MNCS/Banks/Long & Medium size corporates
PURPOSE: Advance against future rent
MARGIN: 15%
CEILING OF LOAN:
|
|
Minimum |
Maximum |
|
Properties located in Metro Centre |
50,000/- |
7.50 crore |
|
Properties located in Non Metro Centre |
50,000/- |
5.00 Crore |
INTEREST: For advances repayable before 3 years: At BPLR i.e.13.00%
For advances repayable in 3 Years and above: BPLR + 0.50% i.e. 13.50% Where our Bank is tenant: at BPLR i.e. 13.00% p.a. presently
SECURITY: Equitable mortgage of property of loanee, Rent of which assigned
REPAYMENT: 7 Years or the residual lease period, whichever is lower, in EMI.ELIGIBILITY: Educational Institutions of repute
PURPOSE: 1. Construction of new building/ repair, renovation of existing
building
2. Purchase of electronic equipments, costly books/ manuals, Lab
equipments, furniture/ fixtures etc.
MARGIN: 15% of project cost.
AMOUNT OF LOAN:
Minimum Maximum
0.50 lac 25.00 lacs
INTEREST:
|
Size of Credit Limit |
Repayable before 3 years |
Repayable in 3 years & above |
|
Upto Rs.2.00 Lacs |
1% below BPLR, effective rate – 12.00% p.a. |
1% below BPLR, effective rate-12.00% p.a. |
|
Above Rs.2.00 Lacs & upto Rs.25.00 Lacs |
At BPLR effective rate 13.00% p.a. |
0.50% above BPLR effective rate 13.50% p.a. |
SECURITY: Primary: - Hypothecation charge over the assets acquired out of bank finance.
- Personal guarantee of the key manager/trustees/promoters etc.
REPAYMENT: Loans upto Rs. 2.00 lacs - In 36 EMIs
Loans above Rs. 2.00 lacs to Rs. 5.00 lacs - In 60 EMIs
Loans above Rs. 5.00 lacs to Rs. 25.00 lacs - In 84 EMIs
|
|