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Loan & Advances

Takeover of Advances Under Golden Jubilee Welcome Scheme

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  • Purpose : All Credit Facilities to be taken over from other Bank.
  • Ceiling of Limit :
    Minimum : Rs.10 Lakhs
    Maximum : Rs.1500 Lakhs
  • Share Linking : 1% of the loan amount sanctioned (Max. Rs. 2,00,000 i.e.8000/-Shares)
  • Guarantor : Personal Guarantee of Partners, Directors and Person having taxable income and immovable property.
  • Security :
    Primary : As per nature of Finance.
    Collateral : Any title clear, unemcumbered free property
  • Eligible person must apply on or before 31.03.2021

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Cash Credit

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  • Purpose : For day to day working capital need of Firm/Company
  • Eligibility :
    • Individuals / Partnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co/Trust categorized as MSME(s) /Non MSME
      Classification of enterprise as MSME as follows:-

      • Micro Enterprise-Investment in P & M or Equipment does not exceed Rs.1/- Crore and Turnover does not exceed Rs. 5/- Crore.
      • Small Enterprise-Investment in P & M or Equipment does not exceed Rs.10/- Crore and Turnover does not exceed Rs. 50/- Crore.
      • Medium Enterprise-Investment in P & M or Equipment does not exceed Rs.50/- Crore and Turnover does not exceed Rs. 250/- Crore.
  • Loan Limits : Need Based Finance

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Machinery Loan

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  • Purpose :
    • For purchase of new/2nd Hand machinery/equipments
  • Eligibility :
    • Individuals / Partnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co/Trust categorized as MSME(s) /Non MSME
      Classification of enterprise as MSME as follows :

      • Micro Enterprise : Investment in P & M or Equipment does not exceed Rs.1/- Crore and Turnover does not exceed Rs. 5/- Crore.
      • Small Enterprise : Investment in P & M or Equipment does not exceed Rs.10/- Crore and Turnover does not exceed Rs. 50/- Crore.
      • Medium Enterprise : Investment in P & M or Equipment does not exceed Rs.50/- Crore and Turnover does not exceed Rs. 250/- Crore.
  • Tenure : Maximum 84 months (including maximum moratorium period of 12 months)

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Secured Loan

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  • Purpose : For purchase /construction of new office/factory shed /Godown
  • Eligibility Criteria : Individuals / Partnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co/Trust categorized as MSME(s) /Non MSME
    Classification of enterprise as MSME as follows :

    • Micro Enterprise-Investment in P & M or Equipment does not exceed Rs.1/- Crore and Turnover does not exceed Rs. 5/- Crore.
    • Small Enterprise-Investment in P & M or Equipment does not exceed Rs.10/- Crore and Turnover does not exceed Rs. 50/- Crore.
    • Medium Enterprise-Investment in P & M or Equipment does not exceed Rs.50/- Crore and Turnover does not exceed Rs. 250/- Crore.

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Secured Overdraft

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  • Purpose : Working capital requirement for business development
  • Eligibility Criteria : Individuals / Partnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co/Trust categorized as MSME(s) /Non MSME :
    • Micro Enterprise-Investment in P & M or Equipment does not exceed Rs.1/- Crore and Turnover does not exceed Rs. 5/- Crore.
    • Small Enterprise-Investment in P & M or Equipment does not exceed Rs.10/- Crore and Turnover does not exceed Rs. 50/- Crore.
    • Medium Enterprise-Investment in P & M or Equipment does not exceed Rs.50/- Crore and Turnover does not exceed Rs. 250/- Crore.
  • Quantum of Finance : Need based

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CGTMSE advance

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  • Purpose : To engage in the manufacturing or production of goods, in any manner, pertaining to any industry or engaged in providing or rendering of any service.
  • Eligibility :
    • All new or existing MSE applicants with credit facilities above Rs. 50 lacs shall have minimum internal Credit Rating of
    • Investment Grade for CGTMSE credit facility.
    • Applicant with Minimum CIR Core of 650 or 0/-1.
    • Age of Proprietor / Partners / Directors:- 21 years-65 years
  • Quantum of Loan : Max : Rs. 1,00,00,000/-
  • Repayment Period :
    • CC Limit : On Demand
    • Term Loan : Door to Door tenor of -36- to -72- months, including moratorium period of -3- to -6- months depending upon activity, income generation etc.
  • Personal Guarantee : No third party Guarantee (Except Proprietor, Partners, Directors) is required.

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CC Pledge

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  • Purpose : Purchasing raw materials during harvesting season when prices are low.
  • Eligibility : Food and Agro Processing Industries and any entity engaged in trading in Agriculture Commodities.
  • Quantum of Loan : Need based

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Vyapar Mitra

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  • Purpose :
    Ancillary benefits like SB a/cs, current a/cs, retail loan requirement of group & family to be maintained with us.
  • Quantum of Loan : Maximum : Rs.100 Lakhs
  • Repayment Period : On Demand (Reviewed every 12 Months)

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Lease Rent Discounting

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  • Purpose : To meet borrowers liquidity mismatch.
  • Eligibility : Owners of residential buildings and commercial properties, which are to be rented or already rented through Registered lease Deed to MNCs/Banks/Large & Medium size Corporates/Public sector undertaking etc.
  • Quantum of Loan : Lowest Of :
    • 60% of realizable value of the property mortgaged (as per latest valuation report of the Bank’s approved valuer
    • Maximum permissible under the Scheme
    • 70% of [Total rent receivable for the residual lease period or loan period,
      w.e. is lower minus Total of Advance Deposit,Estimated Amount of Property Tax, TDS and other Statutory Dues for the period]

      Minimum : Rs.100.00 Lakhs
      Maximum : Rs.900.00 Lakhs

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Doctor Mitra

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  • Purpose :
    • Term Loan For construction of Hospital / Clinic
    • Term Loan For purchase of Instruments /Equipments
    • Term Loan For Furniture & Working Capital Requirement.
    • SCC For payment of Govt dues,bills payment & for salary payment etc.
  • Loan Amount :
    • Term Loan Max. Rs.1500 Lakhs
    • Secured Cash Credit for working capital – Rs. 25.00 Lakhs (Max.) or 5% of amount of Term Loan whichever is less
  • Repayment Period :
    • Max. 8 years for Term Loan upto Rs. 700.00 Lakhs (including maximum 12 months of moratorium)
    • Max. 10 years for Term Loan above Rs.700.00 Lakhs to Rs. 1500.00 Lakhs (including maximum 12 months of moratorium)

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Renewable Energy (Solar/Biogas/Wind)

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  • Purpose : For purchase of Machinery / Equipments for generation of renewable energy viz Solar, Wind or Biogas for captive consumption.
  • Eligibility Criteria :
    • Any Non Individuals (Proprietorship Firm / Partnership Firm / LLP / Company etc.) engaged into Manufacturing Activity.
    • Existing Customer with satisfactory conduct of account will be eligible for such Loan.
    • New Customer with existence of business of 2 years or more with satisfactory conduct with other bank, will be eligible for such Loan. In case of New Customers enjoying various credit facilities from other bank, it is preferablly to takeover entire business from other bank.
    • Applicant must be generating sufficient cash profit to service regular repayment of interest and installment. Minimum Avg DSCR and Interest Coverage should be 1.50 and 2 respectively).
    • Feasibility report from Machinery / Equipment Suppliers.
    • Applicant with CMR -1 to CMR-6 (Commercial CIBIL Rank) can only be financed.
  • Quantum of Loan : Rs. 1500.00 lacs (To be considered under Priority Sector Lending)

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Working Capital

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  • Purpose & Eligibility :
    • For meeting the Working Capital requirement
    • Pledge facility for Agro Products
    • Agro & Rice Mill borrowers can obtain this loan.
  • Loan Amount :
    • Against Stock – 70%
    • Against Book Debts – 60%
    • Against Property – 60%
    • Against Pledge – 75%
  • Repayment Period : Renew of the limit every year.

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Secured Loan

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  • Purpose & Eligibility :
    • For purchase /construction of New Office/Factory Shed /Godown.
  • Loan Amount :
    • 60% of the Capital Expenditure
  • Repayment Period : Max. 60 Months

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Commercial Vehicle Loan

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  • Purpose & Eligibility :
    • For the purchase of only new Commercial Vehicles , Road Transport Equipment s and Other Utility Commercial Vehicles .
  • Loan Amount :
    • Max. 85 % of on road cos of vehicle
  • Repayment Period : Max. 60 Months with EMI/Non-EMI Option
  • Processing charges as applicable for other advances

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Small & Micro Enterprise Loan

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  • Purpose & Eligibility :
    • This scheme is specially introduced for those borrowers who own Immovable Property but not willing to incur expenses for mortgage or title of property is not clear or having inherited property.
  • Loan Amount :
    • Min. Rs. 25000/-
    • Max. Rs. 10.00 Lacs
  • Repayment Period : Max. 60 Months
  • Processing Fees: 0.40 % of loan amount

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Kal Traders

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  • Purpose & Eligibility :
    • Specially introduced for Experienced Traders in Agro Commodities.
  • Loan Amount :
    • Min. : Rs. 100.00 Lakh
    • Max. : As per exposure norms of the Bank.
  • Repayment Period : 12 Months (To be reviewed every year)
  • Processing Fees as applicable to Cash Credit facility.

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Loan Against Property

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  • Purpose & Eligibility :
    • Business expansion / professional needs / marketing
    • Improvement/extension of existing property
    • Repayment of high interest bearing existing loans from other banks/FIs
    • Purchase of new Shop / Office / Go-down for business expansion
    • Working Capital needs
  • Loan Amount :
    • For Salaried : Min. Rs. 2.00 Lakh ; Max. Rs. 300.00 Lakh
    • For Business Class : Min. Rs. 5.00 Lakh ; Max. Rs.750.00 Lakh
  • Repayment Period : 7 years

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