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MSME > Laghu Udhyami Credit Card

Credit Cards for Small Business - IDBI Bank SME Credit Cards



IDBI Bank - Laghu Udhyami Credit Cards (LUCC)

IDBI Bank’s LUCC Scheme is for the existing borrowers belonging to micro and small individual units, retail traders, artisans and village industries, professionals and self employed, whose dealings with the Bank have been satisfactory for the last three years.

The details are as mentioned in the table below:

Sr. No

Field

Content

1

Eligible Segments 

All existing customers having a satisfactory dealing with the Bank for the last 3 years

2

Facility

Only working capital in the form of Overdraft/ Open Cash Credit

3

Purpose

To meet the credit requirements of the borrowers mentioned above

4

Loan Amount

Maximum of 10 lakhs per borrower

5

Tenor / Validity

Repayment on demand, however limit would be valid for a period of 3 years

6

Pricing

Interest Rate linked to Bank Base Rate and Rating.

7

Security

Hypothecation of stock in trade, receivables, machinery, office equipment etc., as specified for existing limits

8

Margin

25%



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