Eligibility

1. Member of the Bank
2. For new Business: Project report, Establishment license/Registration Certificate
3. For existing business: Financial Statements for the last 3 years

Security

For Term Loan : Hypothecation of moveable asset or mortgage of immoveable asset.
For Cash Credit : Hypothecation of Stocks
Collateral Security : Will be required depending on case to case basis.

Repayment

Term Loan: Maximum of 5 to 7 years depending upon the nature of business/project (case to case basis)
Cash Credit: 12 months and renewable thereafter

Margin

Minimum of 30%

Maximum Limit

As per the requirement to be assessed by the Bank and within the exposure limits.
fixed by RBI from time to time.

Rate Of Intrest

Term Loans : 13.5% to 14.5% p.a. at monthly rests
Cash Credit : 9% to 13.5 p.a. at monthly rests depending upon Risk Rating & CIBIL Score
Working Capital Loans : 14% to 15% p.a. at monthly rests
Concession in rate of interest shall be extended on the specific request from the borrower selectively on case to case basis purely on merits of each case having due regard to the risk perception, loyalty, integrity in respect of each of such borrowal account and spin off benefits expected to be derived.