IND SME Secure

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Target Group	Micro, Small & Medium Enterprises (Manufacturing & Services Sector)
Purpose	Working Capital Requirements, Purchase of Fixed Assets, Construction of Building etc.
Nature of Facility	Working capital in the form of Secured Overdraft / Open Cash Credit / Packing Credit / Bill purchase, etc. Term Loan Non Fund Based facilities: Letter of Credit / Bank Guarantee
Amount of Loan	Minimum Exposure : Above Rs.10.00 Lacs Maximum Exposure : No Ceiling( For Secured Overdraft, maximum loan amount is Rs 200.00 lakh per borrower)
Margin (Promoter’s Contribution)	25% on Stocks and Book Debts 25% on Plant and Machinery in case of new machines 50% on Plant and Machinery in case of second hand machines 30% on Building construction estimate ( subject to conditions)
Repayment Period	Term Loans – Maximum repayment period of 15 years.
Security	Primary Security: Secured OD : Mortgage of immovable property OCC : Hypothecation of Stocks and Book Debts TL – Machine / Bldg – Hypothecation / Mortgage of assets created out of the term loan. LC / BG / IBN / FBN – As per extant guidelines. Collateral Security: Secured OD : Hypothecation of stocks & book debts. Others : MORTGAGE of properties.
Service charges	Please refer home page for service charges
Interest Rates	Please refer home page for latest interest rates.
Application	APPLICATION FORM FOR LOAN