All Business Units who want to avail loan facility for manufacturing and services activities along with self-employed and professionals covered by MSMED Act 2006, Wholesale/retail trade.     

  1. Purpose: For build-up of current assets and fixed assets needed for business purpose, capacity expansion, modernization, short term working capital.
  2. Facility:
    Fund Based (FB) .
    Non-Fund Based (NFB)
  3. Type of Loan:
    Drop-line Overdraft facility, Running Overdraft, Cash Credit, WCTL and Bank Guarantee.
  4. Assessment of the credit limits:
    1. Up to Rs. 5 crores: Assessment at 25% of project annual turnover and limit to be sanctioned of 25% of the annual projected turnover after stipulating a margin of 5%.
    2. Above Rs. 5.00 crores: Assessed Bank Finance (ABF) based on Projected Balance Sheet method.
    3. Loan amount: maximum 60% of property realizable value
  5. Quantum of Finance: Above Rs. 10.00 lakhs to maximum Rs. 25.00 crores .
  6. Repayment Period:
    1. For Dropline Overdraft: : Limits can be sanctioned for periods ranging from 12 months to 240 months
    2. Cash Credit, Running Overdraft: On demand.
    3. ROI: Up to Rs.50.00 lac @10.50%
      Above Rs.50.00 lac as per CRA Rating
    4. *Product features and ROI are subject to change from time to time as per discretion of the Bank.