Professionals in any discipline viz .Doctors, Engineers, Architects, Interior Designers, Photographers, Financial Consultants (CA/ICWA/CS), Advocates, Dentists and specialized qualified service providers .Proprietorship /Partnership/Pvt/public. Ltd. Companies
- Working Capital Requirement
- Purchase of equipments, Expanding/Renovating Business premises.
- Non-fund based facilities ( Bank Guarantee and Letter of Credit)
Nature of Facility
Term Loan/Demand Loan/Cash Credit/non-fund based facilities.
- Minimum – Rs. 10.00 lacs
- Maximum – Rs. 5.00 Crores
Maximum 84 installments including moratorium period. Interest to be served every month.
Method of Assessment
For working capital facility: As per First Method of Lending or 20% of turnover whichever is higher for limits up to Rs.500.00 lacs,
TL/DL for purchase of land & building/Plant and Machinery taking into consideration margin of 20% for plant and machinery and 25% for land and building repayable in 7 years (including moratorium), based on the cash flow projections.
Rate of Interest
AboevRs.10.00 Lacs to less than Rs.25.00 Lacs Micro & Small enterprise—Base Rate+1% p.a. Rs.25.00 Lacs & above up to & inclusive of Rs.5.00 Crores
||Rate of Interest irrespective of credit rating
||Base Rate +1.50% p.a.
||Base Rate +1.75% p.a.
||Base Rate +2.00% p.a.
Tenor premium as per BCC/BR/105/213 dated 29.05.2013.
For Cash Credit : 25% against stocks & Book Debts up to 90 days only
For Term Loan/Demand Loan :
25% on land and building
20% on Plant and Machinery
35% on second hand Plant & Machinery
For non-fund based limits : Cash Margin on guarantee and L/C facility – 20% minimum.