The Product aims to cater to the needs of MSME segment and other small corporate customer by way of providing loan against their existing commercial and residential properties. The end use of the loan would be for various business related purposes or to take care of any financial requirements viz., retiring of high cost debt, balance transfer/ takeover or any other business exigencies.
Sr. No.
Field
Content
1
Eligible Segments
All proprietorship, partnership, public and private limited companies engaged in the business for the last 3 years.
2
Facility
Term Loan/ Overdraft limit to fund all kinds of business needs (excluding for speculative purposes)
3
Loan Amount
Minimum: Rs. 5 lakh
Maximum: Rs. 500 lakh
4
Tenor
Term Loan: Max 7 years
OD: Max 12 months
5
Pricing
Linked to Bank Base Rate and Rating
6
Security
EMT or Registered Mortgage of Residential / Commercial property