Loan to Small and Medium Enterprises (SMEs)
|Interest Rates||Interest Rate: BR+2.50% (10.62%) (Offer valid till 30th September 2019)
Processing Charge: 0.50% (Offer valid till 30th September 2019)
Hypothecation of stocks, debtors, assignment of current assets, bills and receivables of the business.
Hypothecation of Fixed Assets financed
Reasonable Cash margin to be sought
For existing unit: Immovable Property (land and building) covering 125% of loan amount under branch power
For start up business: Immovable Property (land and building) covering 150% of loan amount under branch power