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MSME > IDBI Loan for Service Sector

IDBI Loan for Service Sector


IDBI Loan for Services Sector (ILSS) can be extended to all kind of business enterprises, self-employed and professionals, engaged in providing or rendering service.
Some examples of the service sector enterprises and professionals are
a.      Professionals such as: Chartered Accountants, Company Secretaries, Engineers, Architects, Surveyors, Interior designers, Management Consultants etc.
b.      Self-employed/service enterprises such as: Contractors, Travel Agents & Tour Operators, Clearing & forwarding agents, Beauty parlors etc.

Sr. No.

Field

Content

1

Eligible Segments

All kind of business enterprises, self-employed and professionals, engaged in providing or rendering service.

2

Facility

Term loan & Overdraft/ Cash Credit

3

Purpose

  1. OD/CC: To meet Working Capital requirements
  2. Term Loan: For Purchase of business premises, equipment, computers, furnitures, undertaking development/expansion/additions/repairs and renovation of business premises and infrastructure.

4

Loan Amount

  1. Minimum: Above Rs. 10 lakh
  2. Maximum: Rs. 500 lakh

5

Tenor

  1. Term Loan: Max 7 years
  2. CC/OD: Max 12 months (Annual renewal)

6

Pricing

Linked  to banks Repo Linked Lending Rate (RLLR) and Rating

7

Security

  1. Term Loan: Exclusive Charge on assets created out of bank finance.
  2. Working Capital: Hypothecation of stock, book debts and assets created out of bank finance.
  3. Collateral:  Mortgage of residential/commercial properties of appropriate value.

8

Guarantee

Personal guarantee of the promoter directors, Partners

9

Margin

Cash Credit : 25% on stock and Book debts
Overdraft : NIL
Term loan : 25 %

10

Processing Charges

As per Extant applicable Schedule of Charges.



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