CentralBank of India-MSME
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CENT - FOOD PROCESSING PLUS

Target Group:

Dal Mills, Flour Mills, Suji Mills, Oil Mills, Rice Mills and other Food and Agro Processing unit.

Facility:

Working Capital Finance/Term Loan/Non Fund Based Limit

Classification of Advance:

Micro, Small and Medium Enterprises

Repayment:

one year for Working Capital and 7 years for Term Loan

Quantum of Finance:

Need Based

Margin:

20%

Asset Coverage Ratio:

1.33 (In case of account with CGTMSE coverage it will be 1.25)

Rate of Interest:

  • For Fund Based Working Capital and Term Loan up-to Rs.100Lac = MCLR+0.50%
  • Loan above Rs.100 lac: ROI will depend upon extent of collateral security.

    i. Where the collateral security coverage is more than 100%: MCLR + 50 Bps.( Irrespective of Rating)
    ii. Where the collateral security coverage is between 75% to 100%, the following rates are to be charged: Interest will be in the range of @10.75% to 12.00% based on rating
    iii. Where the collateral security coverage is between 50% to 75%, Interest will be in the range of @11.25% to 12.50% based on rating

  • Tenor premium for Term Loan up-to 3 years: 0.25% & above 3 years: 0.50%.

Facilities can be sanctioned to the units taken on lease basis

Security:

Loan Limit Up to Rs.1 crore: Collateral Security by way of EM of immovable property having 50% of the limit sanctioned
OR
CGTMSE Coverage
Loan Limit above Rs.1 crore: Collateral Security by way of EM of immovable property having market value not less than 50% of the limit sanctioned

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