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IND SME MORTGAGE

IND SME MORTGAGE

Particulars Guidelines
Target Group All Micro, Small & Medium Enterprise (MSME) both Manufacturing and Service as per extant definition of Government of India.

Existing & New Units – Proprietorship concern / Partnership Firm / Private Limited Company / Public Limited Company / Limited Liability Partnership Firm (LLP)

Purpose Genuine business needs viz. expansion of capacity, purchase of assets meant for the unit.
Types of Facility Term Loan
Loan Amount Minimum Loan Amount:

New customers : 10 lakhs

Existing customers : 1 lakh*

* total of existing limit & proposed limit should be more than Rs. 10 lakh

Maximum Loan Amount: 5.00 Crores

Margin (Promoter’s contribution) 40% of the security value.
Security Primary Security: Immovable property proposed to be mortgaged

Collateral Security: Extension of charge over existing Factory Land and Building, Plant and Machinery and Current Assets of the unit.

CGTMSE : Not applicable

Personal Guarantee:

·         Personal Guarantee of property owner/s whose security has been considered.

·         Corporate Guarantee of group concern/s which had offered the security.

·         Personal Guarantee of Partners / Directors as per extant guidelines.

Repayment terms Maximum 120 months (Door to Door tenor)
Processing & other charges At prevailing rates

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( Last modified on Sep 30, 2021 at 12:09:48 PM )

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