MSMME Loans

Cash Credit/Overdraft

Purpose :

Working capital finance required to meet the cost during the operating cycle or working capital cycle against primary security of hypothecation of current assets

Eligibility :

Can be individuals, proprietary, partnership concerns, SHGs, Companies, Trusts, Co-operatives etc. who are creditworthy. If new units, ensure the market reputation of promoter and satisfactory past dealings with other banks, if any.

Margin

  • Upto Rs.25000/- NIL
  • Above Rs.25000/- 20% of WC requirement

Tenability

2 yrs, subject to annual review

Term loans scheme for MSME sector

Purpose :

Long term financial assistance for MSME sector to acquire plant, machineries and other fixed assets for setting up of new units /repair, replacement, expansion/modification of existing units.

Eligibility :

Can be individuals, proprietary, partnership concerns, SHGs, Companies, Trusts, Co-operatives etc. who are creditworthy. If new units, ensure the market reputation of promoter and satisfactory past dealings with other banks, if any

Margin

  • For loans upto Rs.25000/- - No margin
  • Above Rs.25000/- -25% of the project cost

Repayment

Maximum 10 years In equated monthly/quarterly installments based upon the DSCR, cash generation – IRH can be considered 12 to 18 months depending upon nature of activity/gestation period

"Your account balance is only a missed call away. Just dial 9015 800 400 from your registered mobile number."

Quick Enquiry

Financial support to the farmers for meeting the short term needs in crop production.

Details
Locate Branches Calculators