ABL (Saral) - Business

Features

• Target Group : All Business Units who want to avail loan facility for manufacturing and services activities along with self-employed and professional individuals, wholesale/retail trade.
• Facilities Available :  Drop-line Overdraft facility, Cash Credit, NFB Facility
• Quantum of loan : 
  • Minimum: Above Rs.10.00 lakh.
  • Maximum: Rs.5.00 Cr.
• Pricing :
  • Attractive Interest rates based on rating of the Borrower/ External Rating or as per Scheme Specific Rating (if applicable) or as per extant guidelines of the Bank. EBR (Linked to Repo Rate and Currently EBR is Repo Rate + 2.65%) linked (for MSMEs) & 6 months MCLR linked (for Non-MSMEs)
• Borrower’s Margin / Contribution : 25%
• Repayment Period
  • Dropline Overdraft Limit : Limits can be sanctioned for a period of 12 months to 180 months. The moratorium under the scheme should not be more than 6 months based on activity. Interest to be serviced monthly during the moratorium period.
  • Cash Credit : On Demand. (No Moratorium)
• Processing Fee/ Upfront Fee : Up to 0.65% of the loan amount.
• Other Charges : As per Bank Guidelines which will be appraised to the borrower before sanction of loans.
• Special Feature
  • LTV: 65% of the realizable value of immovable property.
  • Immovable (compliant under SARFAESI Act) belonging to the unit, its proprietor/partners/ directors or their near relatives.