Sr. No. |
Field |
Content |
1 |
Eligible Segments |
Proprietorship, partnership, public and private limited companies engaged in the business for the last 3 years
|
2 |
Facility |
Term Loan/ Overdraft limit to fund business needs (excluding for speculative purposes)
|
3 |
Loan Amount |
Minimum: Rs. 5 lakh
Maximum: Rs. 500 lakh
|
4 |
Tenor |
Term Loan: Max 7 years
OD: Max 12 months
|
5 |
Pricing |
Linked to Bank Base Rate and Rating |
6 |
Security |
Equitable Mortgage or Registered Mortgage of Residential / Commercial property
|
7 |
Guarantee |
Personal guarantee of the borrower |
8 |
Processing Charges |
Upto 1 % |