Loan for SSI (Small Scale Industries)

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small_industry



> Loan for SSI (Small Scale Industries)

Purpose
For financing of manufacturing units.


Eligibility
Unit having registration / license as applicable / Sales Tax registration under district industry office/ No Pollution Certificate.

Quantum of loan
As per norms applicable to bank.

Margin
25% of loan.

Type of facility
CC Limit for working capital, Term Loan / WCTL for purchase of machinery, stocks etc.

Security
Liquid assets (tangible security).
Collateral security – value of mortgaged property as assessed by valuation by Bank Official.

Guarantor
Two (2).

Processing Fee
0.50% of the sanctioned loan amount.


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(For detail Terms & Conditions, Please contact nearest Branch Manager)