• All business enterprises irrespective of constitution (Proprietorship/Partnership/Companies/Trust/Association etc) other than individuals and HUF engaged in business activity for minimum last two years.
• Units should have in place all necessary statutory approvals / NOCs from respective authorities.
• Credit Rating of the borrower should not be below UBI-5 in case of new connection and UBI-4 in case of takeover advances.
• All new as well as existing accounts can be covered under the scheme.
• Enterprises engaged in speculative activities/Real Estate activities are not eligible for finance under this scheme.

• To meet working capital requirements for business activity.
• For Shoring-up of Net Working Capital
• For purchase/construction/renovation of factory/ offices / shop / godown
• For purchase of plant & machinery
• For purchase of equipment. 
• Financing repayment of high cost debts

• Minimum Rs.0.10crore
• Maximum Rs.10.00crore

(Further, higher delegation is vested with Credit Approval Committees at Central Office level as per Policy on Delegation of Loaning Powers)

• Excluding additional credit risk premium for term loans

• Equitable Mortgage of residential / commercial / industrial property (Land & Building) located at Metro / Urban / Semi Urban areas only, which are un-encumbered from other bank / FI and should be enforceable under SARFAESIA.
• The existing immovable property held as prime/collateral security for a particular credit facility can be accepted as prime/collateral security for other credit facility. However, the value of property to be considered for the purpose of prime/collateral security is to be restricted to the residual value of property in excess of 200% of the outstanding of the loan facility against which the property is held as prime security.
• The property should be in the name and possession of applicant / proprietor / partners / directors /promoter.
• Property in the name of close relatives i.e. father / mother / spouse / son / unmarried daughter of the proprietor / partner / director / promoter may also be accepted and in that case the property owner should stand as guarantor.

• Personal guarantee of the partners / directors /promoters (Other than independent/professional director) to be obtained.
• Personal guarantee of property owners to be obtained.

• Term Loan to be repaid in maximum 120 months inclusive of moratorium period not exceeding 6 months. Interest is to be paid as and when due.
• Overdraft facility is for a period of one year. However, it may be further extended subject to review/renewal of the facility by competent authority on yearly basis.