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New addition
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Cent CA/CS/CMA Scheme
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Scheme Name: Cent CA/CS/CMA Scheme
Purpose:
- To acquired ready build office premises (partially and fully constructed)
- To purchase furniture & fixture, fittings and office equipment, computers. Books and other accessories, etc.
- To meet the Working Capital Requirement (Assessment on the basis of annual income/cash flow)
Eligibility: All types of CA Professionals, CS, CMA i.e. Individuals, Proprietor Firms, Partnership Firms registered with ICAI/ICSI/ICMAI, Public, Pvt limited Companies, One Person Companies, LLPS, etc who are having URC (except HUFs, Trusts)
Facility: Term Loan / Overdraft
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Quantum of Finance
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Min-Max
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With CGTMSE Cover
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With 100% collateral by way of Immovable Property
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Min
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WC-Rs 5 Lakh
TL-Rs 5 Lakh
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Max WC (OD) Rs 50 Lakh
Max TL-Rs 200 Lakh
(Max Composite Loan-Rs 200 Lakh only)
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Max
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WC-Rs 50 Lakh
TL-Rs 50 Lakh
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RATE OF INTEREST: Attractive rate of interest based on RBLR
Loan Term: 144 Months for TL (Including Moratorium),12 Months for OD.
Security:
- If borrower offers collateral security the same should be at least 100% of the limit. In that case CGTMSE guarantee not required
- Limit shall be covered under CGTMSE and the fees shall be borne by the borrower
- In case of term loan - Hypothecation of the assets created out of bank finance
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