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Type of facility
: Term Loan / Overdraf
Eligibility
: Business units like Small Business
Enterprises (SBE),
Traders should have been established in
the line of business
for a minimum period of 2 years and
making profits for last
2 years and submission of IT returns for
2 years.
Loan Amount
: Maximum Rs. 50.00 Lacs
Repayment period :
For Term Loans: 60 months (maximum)
For Overdraft: 12 months (renewable
every year)
Security
: Hypothecation of stock & book
debts and mortgage of immovable
property (preferably commercial) |
