Home | > | Loan Schemes | > | SSI Loan Scheme |
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Applicant | : | Any Individual (Single/Joint) / Firm / Legal Entity. |
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Purpose | : | Cash Credit for Working capital / Term Loan for Shed,Machinery or any Business purpose. |
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Loan Amount | : | As per requirement and margin Minimum 25%. |
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Rate of Interest | : | Click Here for Rate of Interest |
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Repayment | : | Cash Credit - 12+2 Months ( Review & Renewal after 12 months) Term Loan - Up to 120 months. |
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Security | : | Hypothecation of Stock / Debtors or Machineries.Mortgage of immovable properties,
2 Guarantors |
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Processing Fees | : | 0.50% for loan amount.( Minimum Rs.500.Maximum-No Limit ). |
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Shareholding | : | 2.50% of the loan amount |
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Documents | : | MSME / SSI registration & certificate is compulsory.
For other documents –Please contact nearest branch. |
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Insurance | : | Compalsory and as per requirement. |
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Other | : | Other Terms and conditions are also applicable. |
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