Star Laghu Udyami Samekit Loan


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Target Group

Micro & Small Enterprises in rural, semi urban, urban and metro branches

Purpose

Micro & Small Enterprises in rural, semi urban, urban and metro branches

Nature of Facility

Micro & Small Enterprises in rural, semi urban, urban and metro branches

Quantum of loan

Micro & Small Enterprises in rural, semi urban, urban and metro branches

Margin

Micro & Small Enterprises in rural, semi urban, urban and metro branches

Rate of Interest

Micro & Small Enterprises in rural, semi urban, urban and metro branches

Security

Micro & Small Enterprises in rural, semi urban, urban and metro branches

Repayment Period

Micro & Small Enterprises in rural, semi urban, urban and metro branches

Processing & other charges

Micro & Small Enterprises in rural, semi urban, urban and metro branches

Micro & Small Enterprises in rural, semi urban, urban and metro branches

Investment and working capital requirements. This product will be offered to those Micro & Small Enterprises who require both working capital and term/demand loan

Composite Loan in the Form of Demand/Term Loan

For units located in Maximum amount of loan
Rural Areas Rs. 5,00,000/-
Semi-urban Areas Rs 10,00,000/-
Urban Areas Rs. 50,00,000/-
Metro Areas Rs. 100,00,000/-

15%

As applicable

Hypothecation of Assets crated out of bank finance as well as existing unencumbered assets of the MSE unit.

  • Equitable Mortgage of Land/Land & Building which is part of the business activity such as business premises
  • Guarantee Cover under CGTMSE Guarantee Scheme. No collateral security/third party guarantee to be obtained

Loan is to be repaid in maximum 5 years with a moratorium of 3 to 6 months to be determined on the merits of the case

As applicable

Star-Laghu-Udyami