KBL Micro Mitra

KBL - Xpress Micro Mitra Scheme


Simple Processing and Quick Sanction

KBL - Xpress Micro Mitra Scheme - Easy Micro Business Loan

Fund based loan for working capital and purchase of machineries/equipments/transport vehicles.


Limit of Advance:

  • Minimum Rs.10,000/- and Maximum Rs.10 lakh.


  • All Micro Enterprise, where the investment in plant & machinery or equipment does not exceed Rs.100 lakh and turnover does not exceed Rs.500 lakh).
  • For individuals the age of the applicant + Loan period should be within 70 years.
  • Applicant shall be our customer at least for the last 1 year with active SB or CA, with satisfactory transactions.
  • Minimum CIBIL Credit Vision score of 675 or CRIF score of 700.
  • For Non individuals, the CRIF score shall be 700 and above.
  • Existing credit facilities of the client with us/other Banks if any, should not be in the NPA/Stress Category.
  • Purpose & activity shall be eligible for coverage under CGTMSE.
  • Working Capital :
    • PS DPN : up to 35 months
  • New Vehicles:
    • For 3 wheelers : Maximum 60 months
    • For 4 wheelers : Maximum 84 months
  • New Machineries/equipments : Up to 60 months
  • Used vehicles : Maximum 60 months from the date of registration.
  • Hypothecation of stocks/book debts/assets/vehicles.
  • PSDPN - In Equated Monthly installments.
  • PSTL - In Equated Monthly Installments.
  • New vehicles:15% against on road cost*
  • New equipments/machineries:25%
  • Used Vehicles:30% (upto 3 years old)
  • Stocks/Book debts:25%
  • As per EBLR Guidelines.

The above information is subject to terms and conditions.For more details, please contact the nearest Branch

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Frequently Asked Questions (FAQs) for KBL Micro Mitra

It is exclusively for Micro entrepreneurs to providing fund based for working and purchase of machineries/equipment/transport vehicles.
  • All Micro entrepreneurs as per the definition of MSME are eligible.
  • The applicant should be a resident of India.
  • He/ she should be attain age of majority.
  • The age of the Applicant and loan period should be within 70 years.
  • Activity shall be covered under CGTMSE.
Minimum of Rs.10,000/- and maximum of Rs.1000000/-.
  • PSDPN: Up to 35 months.
  • New Vehicles, for 3 wheelers 60 months and for 4 wheelers maximum of 84 months.
  • Old vehicles, maximum of 60 months from the date of registration.
  • New Machineries/equipment, up to 60 months.
Facility is covered under CGTMSE.
Bank generally charges upfront fees and processing charges. Upfront fees is for legal/valuation/background information charges.
Yes, we are providing loan assistance for the same also.
Yes, reimbursement of new equipment/Plants and machinery/ vehicles is permitted within 3 months from the date of Original invoice.
EBLR stands for External Benchmark Lending Rate.