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ImageUnion Enterprises Scheme

 

 

Sr. No. Parameter Scheme Guidelines*

1.

Eligibility

  • All MSME units engaged in Manufacturing and Service activities (other than trade).
  • All business units irrespective of constitution i.e. individuals, proprietorship, HUF, Partnership concern (including LLP), Limited Companies, Society, Trust, Association.

2.

Nature of facility

Term Loan and / or Working Capital (Fund Based and Non-Fund Based)

3.

Quantum of facility

Minimum :Above Rs.10 lacs
Maximum: Rs.500.00Lacs

4.

Rate of Interest

Working Capital

 

Table - A

Table - B

Credit Rating

Minimum 100 % & below
 150% Security coverage in terms of Land & Building and liquid assets of loan amount

150% & above Security coverage in terms of Land & Building and liquid assets of loan amount

CR-1

1 Yr MCLR + 0.75%

1 Yr MCLR + 0.25%

CR-2

1 Yr MCLR + 1.00%

1 Yr MCLR + 0.50%

CR-3

1 Yr MCLR + 1.00%

1 Yr MCLR + 0.50%

CR-4

1 Yr MCLR + 1.25%

1 Yr MCLR + 0.75%

CR-5

1 Yr MCLR + 1.25%

1 Yr MCLR + 0.75%

* Above rates are applicable to working capital loans only.

Term Loan

In addition to the above, Term Loans will have following credit risk premium,  mentioned rates as per corresponding rating and tenor as per extant guidelines on interest rates.

Total Term of Loan
(including moratorium/holiday period)

Revised

Loans with Tenor > 1 years but <= 3 years

0.10%

Term Period >3 years <= 5years

0.25%

Term Period > 5yrs but <= 7 years

0.50%

6.

Repayment

Working Capital: On Demand.

Term Loan: Maximum Door to Door repayment shall be 7 years including moratorium period not exceeding 12 months. Repayment will be in monthly installments. Interest shall be recovered separately as and when due.  

*Conditions apply, for further details, please visit our nearest Branch.


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