Scheme to cater to the business needs of all types of Manufacturers/ Traders / Processors/ Service units / Firms / LLPs/ Companies having Udhyam Registration Certificate and carrying out any lawful business activity.
Facility: Working Capital / Term Loan.
Loan Amount: Maximum Rs.10.00 Crore
Margin: NIL
Tenor for Term Loan: Maximum 120 months.
Security: Equitable Mortgage/ Registered mortgage (under sole charge to the Bank) of self-occupied or vacant residential house / flat, commercial or industrial property, non-agricultural boundarised & well demarcated plot located in Metro/Urban/Semi-urban/Rural areas in the name of borrower/s and / or in the name of his/her/their relative who shall join as Co-borrower for financing to individuals, proprietorship and partnership firms. The security should be unencumbered and SARFAESI compliant. Property in the name of the Company or its Director/s can be accepted as security for financing to Company with personal guarantee of the owner, Director, of the property.