| Type of Facility |
Term Loan /
Overdraft |
| Eligibility |
The business units
like Small Business Enterprises (SBE),
Traders should have been established in the
line of business for a minimum period of
2
years & making profits for last 2 years and
submission of IT returns for 2 years. |
| Loan Limits |
Maximum Rs.50.00
Lacs. |
| Repayment Period |
For term loan 60
months (maximum). |
| Rate of Interest |
Minimum 14.00%
P.A. (subject to change as per change in
PLR) |
| Security |
Hypothecation of
stock & book-debts and Mortgage of immovable
property, (preferably commercial). |
