Loans under Contactless Lending Platform - Business
Loans under Contactless Lending Platform
Features
Nature of Facility | Cash Credit / Term Loan |
---|---|
Purpose | Working Capital needs & Acquisition of fixed assets |
Target Group | Individually managed proprietary/partnership firm or closely held public/private limited companies in the Small and medium industrial and trading sector under C&I and SIB segments. |
Quantum of loan (Min/Max) | Rs. 1.00lakhs to Rs.500 lakhs |
Margin (%) | 25% for working capital component and 33% for TL component |
Pricing | Competitive Pricing Linked to EBLR & MCLR |
Collateral Security | As per Bank's extant norms for WC and TL |
Repayment Period | 1. WC loan to be renewed every year. 2. TL not more than 7 years excluding moratorium not exceeding 12 months |
Processing Fee: | As applicable to SSI /SBF / C&I units as per as per Bank's latest Instruction. |
Last Updated On : Thursday, 10-09-2020

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

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Compressed Bio Gas under SATAT Scheme

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