• Facility:
  
  • Term Loan/CC WCTL (Working Capital Term Loan).
  • Credit Rating Concession for Rated Borrowers.
• Repayment:
  
  • For Cash Credit – 15 Months.
  • For Term Loan (FA) – 84 Months.
  • For Term Loan (P&M) – 120 Months.
• Processing Charges:
  
  • For Loan Up to Rs.10 Lakh
    
    • Only 1% Processing Charges + GST at the applicable rate.
  • For Loan Above Rs.10 Lakh
    
    • Only 0.50% Processing Charges subject to Max. 1.00 Lakh + GST at the applicable rate.
• Pre-Payment Charges: 2% of Outstanding loan amount at the time of closure (If taken over). Lowest in the industry.

• Capital Expenditure: To fund the purchase of machinery, equipment, and technology upgrades that enhance production capacity and efficiency.
• Working Capital: To provide businesses with the necessary funds to manage daily operational expenses, such as payroll, inventory, and supplies.
• Expansion of Projects: To support companies looking to expand their facilities, open new locations, or diversify their product lines.  

• Prime Security: Registered / Equitable Mortgage of gala being purchased out of Bank Finance/ Factory unit being constructed out of Bank Finance.
• Collateral Security:
  • For Cash Credit: 75 to 100% 
  • TL Against Plant & Machinery: 50 to 100%

• SSI Registration: Constitution -Proprietorship, Partnership and Company
• You must be an Indian resident between 25 to 66 years of age.
• You must be in business for at least 3 years.
• Minimum turnover of around Rs.25 Lakh.
• Fulfil the credit evaluation process.
• Business Registration as Sole Proprietorship, Partnership Firms, Private Limited etc.

• Card Rate – 10.00% P.A. (Floating)
• Credit Concession Effective:
  
  • For AAA Rating 
    
    • Concession in Rate of Interest: 1.25%
    • Effective Rate of Interest: 08.75%
  • For AA Rating 
    
    • Concession in Rate of Interest: 1.00%
    • Effective Rate of Interest: 09.00%
  • For A Rating 
    
    • Concession in Rate of Interest: 0.50%
    • Effective Rate of Interest: 09.50%
  • For Below A Rating 
    
    • Effective Rate of Interest: 10.00%
• For Non-Rated Borrowers: 9.50%. (* Loans up to Rs.25.00 Lakh)

(AA rated borrower with funded term loan and/or CC/WCTL exposure of Rs.4.00 Crore & above shall be eligible for concession in rate of interest of 1.25% over Card Rate)