MSME LOAN ----UPTO 2LAKHS

NF-546 Specimen Signature Card.

NF-998 Application form loans to MSEs.

NF-588 Credit Investigation Report

NF-855 Agreement Cum Deed of Hypothecation.

NF-803 Letter Evidence Execution of Documents.

NF-482 Certificate of Loan paper obtained.

NF-373 Particulars of Machinary/Equipment/Livestock etc Hypothecated.

NF-368 Letter of request for waiving insurance for goods under lien to bank.

Cibil

Interest Variation

Sanction Memorandum

Small loans Waiver of obtention of Stamped Receipts/ Vochers Decleration.

E-STAMP 0.1% of loan Amount Min 200/-

Eligibility :

1. Existing customers with satisfatory track record for last 2 yers.

2. New customers subject to satisfactory OPL form their existing bankers.

3. New units subject to satisfactory market opinion on the promoters.

4. Only Individuals/Proprietorships/Paetnerships are eligible

Margin :

Term Loan:

Upto Rs. 25000/- Nil

Above Rs. 25000/- 15 to 25% (30% in case of book debt held as prime security)

Working Capital : As per turnover/ MPBF/cash Budget Method

All MSME Loans Should be Cover under CGFMU :204/2017

Loans Above Rs. 50000/- Insurance Should be Cover.

Repayment : Maximum of 7years

Rate Of Interest 501/2019

MICRO, SMALL & MEDIUM ENTERPRISES (MSME)

MANUFACTURING/SERVICES

IMPORTANT NOTE

Concession of 0.25% on applicable rate of interest in CGMSE covered accounts upto an exposure
of Rs. 100 lakh is available, subject to the condition that the ultimate interest rate shall not fall
below the respective RLLR.

MANUFACTURING

A) Working Capital and short term loans upto Rs.2 lakh repayable in less than 36 months.

CRP over RLLR

Micro & small Medium
a. Upto Rs.50,000/- RLLR+ 1.05 RLLR+1.05
b. Above Rs.50,000/- upto Rs.2 RLLR+ 1.05 RLLR+1.05
lac

B) TERM LOANS

Term loans upto and inclusive of Rs.2 lac:

ROI
Micro & small Medium
a. Upto Rs.50,000/- RLLR+ 1.30 RLLR+1.30
b. Above Rs.50,000/- upto Rs.2 RLLR+1.55 RLLR+1.55
lac

SERVICES

A) Working Capital and short term loans upto Rs.2 lakh repayable in less than 36 months.

ROI
Micro & small Medium
a. Upto Rs.50,000/- RLLR+ 1.05 RLLR+ 1.05
b. Above Rs.50,000/- upto Rs.2 RLLR+ 1.05 RLLR+ 1.05
lac
B) TERM LOANS

Term loans upto and inclusive of Rs.2 lac:

ROI
Micro & small Medium
a. Upto Rs.50,000/- RLLR+ 1.30 RLLR+ 1.0
b. Above Rs.50,000/- upto Rs.2 RLLR+1.55 RLLR+1.55
lac

For loans repayable more than 1 year upto 5 years and more than 5 years, the liquidity premium to
be loaded to the Card rates additionally, as given below :

Repayable > 1 year upto 5 years – 0.40%

Repayable > 5 years – 0.85%

PROCESSING,DOCUMENTATION AND INSPECTION CHARGES:387/2019

Processing Charges:

Working Capital Term Loan

Upto 2Lakhs Nil Nil
Above 2Lakhs to 1Crore Rs. 250/- Per Lakh 0.75% of Loan Amount
Above 1Crore Rs. 300/- Per Lakh 1% of Loan Amount

Inspection Charges:

Upto Rs. 25000/- Nil

Above Rs. 25000/- and Upto 2 lakhs
Above 2 Lakhs
25/- per inspection or actual expenses incurred
whichever is higher with a Maximum of 300/-
per year per borrower
200/- per inspection per borrower or actual
expenses incurred whichever is higher

In respect of Weaker Section/Govt. sponsored schemes:

Upto Rs. 25000/- Nil

Above Rs. 25000/- and Upto 2 lakhs 10/- per inspection or actual expenses incurred
whichever is higher with a maximum of 150 per
borrower
Above 2 Lakhs 50/- per inspection per borrower or actual
expenses incurred whichever is higher, Max. 200
per yea
Documentation Charges: 0.10% with a minimum of 250/- and maximum of 25000/-(Applicable
to loans above 2 lacs).
CIBIL Charges: Rs. 50/-+GST for All.

Prime Security:

Assets created out of loan -Hypothecation of moveble assets and/ or mortagage of immovable
property and existing business assets of the borrower only.

Collateral Security/Third party Guarantee : Nil

(All such eligible loans to be mandatorily covered under Credit Guarantee Fund Scheme for Micro
and Small Enterprises).

Repayment :

Term loan repayable in maximum of 5-7 years in suitable monthly/equated monthly installments.
Repayment holiday of 2 to 3 months may be permitted wherever necessary.
Working Capital As per prevailing Guidelines.

Documents Required:

1) Aadhar card
2) Pan card
3) Trade Licence and local body licence
4) 2-Photos
5) Original Tax Invoice
6) ITR
7) Rent Agreement for 5 years

Prepared By
Santosh (109350)