Search
Eligible borrowers
Purpose of the advance
Quantum of finance
Maximum upto Rs.10.00 crore
Margin
Working Capital/ Term Loan: 20%
Assessment of limits
As per norms prescribed in credit policy of the Bank.
Rate of interest
Credit Rating
Minimum 100 % & below 150% Collateral Security as a % of loan amount
150% & above Collateral Security as a % 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
CR-4
1 Yr MCLR + 1.25%
CR-5
1 Yr MCLR + 1.50%
1 Yr MCLR + 1.75%
1 Yr MCLR + 1.65%
1 Yr MCLR + 1.15%
1 Yr MCLR + 1.90%
1 Yr MCLR + 1.40%
1 Yr MCLR + 2.15%
Above rates are applicable to working capital loans only. Term Loans will have credit risk premium, in addition to the above mentioned rates.
Security
Primary: All assets created out of Bank’s finance shall be charged in favor of Bank.
Collateral
1.50 times weightage for clearly defined liquid securities may be considered for the purpose of pricing only.
Repayment
Point of Sale terminal