TRADER'S EASY LOAN
 

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 90% of total 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 – 13.00% p.a.

Term Loan: @0.25% above BPLR, minimum rate – 13.50% p.a.

For Seed Processing Units: 0.50% 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. 

 

RENT PLUS

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

Corporate

50,000/-

4.00 crore

Non-Corporate         

50,000/-

1.00 Crore

                    

INTEREST:          For advances repayable before 3 years: At BPLR i.e.13.25%

For advances repayable in 3 Years and above: BPLR + 0.50% i.e. 13.75% Where our Bank is tenant: at BPLR i.e. 13.25% p.a. presently           

SECURITY:       Equitable mortgage of property of loanee, Rent of which assigned 

REPAYMENT:   5 Years or the residual lease period, whichever is lower, in EMI.
SCHOOL-MITRA

 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 – 12.25% p.a.

1% below BPLR, effective rate-12.25% p.a.

Above Rs.2.00 Lacs & upto Rs.25.00 Lacs

At BPLR effective rate 13.25% p.a.

0.50% above BPLR effective rate 13.75% p.a.

SECURITY:   Primary:  - Hypothecation charge over the assets acquired out of bank

finance. 

                       Collateral: - Equitable mortgage of land and building.

                                       - 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