Features
♦ To meet working capital needs, with repayment schedule.
♦ Loan amount need-based and security-based, whichever is low.
♦ Repayment in 60 months EMIs.
♦ Rate of Interest and Margin at prevailing rate.
Eligibility
♦ Borrower's present profile and satisfactory experience in the line of business.
♦ CIBIL Score 650 with no Overdue of applicant(s)/guarantors
♦ Acceptable Registered property with 150% of Distress Value.
Required Documents
♦ KYC documents 0f applicant(s) and guarantor(s) - Business and Residential.
♦ MSME Certificate and all other certificates relevant to the nature if activity.
♦ Financial papers along with Min. Two Years ITRs.
♦ Audited Balance Sheet wherever applicable.
♦ Projections upto loan tenure with satisfactory DSCR.
♦ Two acceptable guarantors with acceptable income.
♦ Hypothecation of Machinery/Equipment as primary security with collateral security.