Cotton Ginning Plus

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Cotton Ginning Plus
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Features

  • Type of Facility
    • Term Loan
    • Cash Credit
  • Purpose
    • Working capital financing
    • Acquisition of machinery factory building for modernization/ Expansion etc.
  • Quantum of loan (Min/Max)
    • Term Loan based on project outlay
    • Working capital limits:Need based
  • Margin (%) : Term Loan: 15%-25%
  • Working capital:
    • Against Stock: 15-20%
    • against Book Debt: 25%-40%
  • Pricing : Competitive Interest Rate Linked to MCLR
  • Repayment Period
    • Term Loan : 5 to 7 years
    • Working Capital: Repayable on demand.
  • Processing Fee/Upfront Fee : As per card rates applicable from time to time

Eligibility Criteria

  • profit making existing units & New Units in the line of activity of cotton Ginning

Collateral Security

  • Loans upto Rs 10 lacs: NIL (Covered under CGFMU)
  • for Loan above Rs 10 lacs-Rs 1 cr to be covered under CGTMSE if FEE borne by borrower

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Interest Rates

6.90%* p.a.

w.e.f. 19.10.2020

*T&C Apply.

 

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