Loans under Contactless Lending Platform - Business
Digital Loans upto Rs.5 crores
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Objective/ Purpose
Working Capital needs & Acquisition of fixed assets
Features
- Target Group
- Facilities Available : Cash Credit and Term Loan
- Quantum of Loan : Up to Rs.5 crores
- Pricing :Competitive Pricing Linked to EBR(Linked to Repo Rate and currently EBR is Repo Rte+2.65%)
- Borrower’s Margin / Contribution : Up to 20%
- Repayment Period :
- Cash Credit : On Demand. To be renewed every year.
- Term Loan : Maximum up to 10 years.
- Processing Fee/ Upfront Fee : As per Card rates
- Other Charges : As per Bank Guidelines which will be apprised to the borrower before sanction of loans
- Primary Security :
- Cash Credit: Hypothecation of all Stocks and Receivables
- Term Loan: Hypothecation of Plant and machinery / other assets or Mortgage of Land / Property, created out of Bank finance.
- Collateral Security : All Loans to be covered under the guarantee cover of CGFMU/CGTMSE/ eligible collateral security. In respect of obtaining Credit Guarantee, Guarantee fees/Premium amount to be borne by the borrower
- Special Feature : Instant decisioning for MSME Digital Loans up to Rs.50 lacs
Last Updated On : Monday, 24-06-2024

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
SME Loans
Limited Time Offers - Unlimited Joy

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above