General Credit Card Loan (IDBI GCC) – IDBI Bank General Credit Card Loan (IDBI GCC)

  • General Credit Card Loan (IDBI GCC)

Overview

IDBI GCC Loan is for all individuals engaged in Non-farm entrepreneurial activity.

The product details are as mentioned below:
Eligible Segments

All individuals engaged in Non-farm entrepreneurial activity.

Facility                                

Term Loan                
Cash Credit

Purpose

To meet the credit requirement of borrowers.

Loan Amount

Minimum: Rs. 50,000/-
Maximum: Rs. 5,00,000/-

Tenor / Validity

Term Loan: Maximum 5 years
Cash Credit: 12 month, Repayment on demand

Pricing                

Linked to Bank Base Rate.

Security

Cash Credit: Stock & book-debts & all assets created out of Bank loan.
Term Loan: Assets acquired out of Bank loan.

margin                                

Cash Credit: 25%
Term Loan: 25%