Eligibility Criteria:
- Customers/units eligible to be classified under Priority Sector(MSE) only.
- Age Limit: 21 years and above.
Purpose:
- For meeting business/ professional/Working capital needs.
Amount of Finance:
- Three times of the average annual income of last two years/50% of the market value of the property(40 % in case of industrial properties).
- Subjected to a minimum of ₹11 lakh and maximum of ₹100 lakh.
Maximum period of Loan:
- 12 months.
Security:
- Mortgage of properties.
- Guarantee of the spouse wherever feasible in the absence of which third party solvent guarantor.
Repayment:
- As per Overdraft guidelines.
Margin:
- Minimum up to 60%
Rate of Interest:
The above information is subject to terms and conditions.For more details, please contact the nearest Branch
