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Loan for SSI (Small Scale Industries) |
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| > Loan for SSI (Small Scale Industries) |
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Purpose
For financing of manufacturing units.
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Eligibility
Unit having registration / license as applicable / Sales Tax registration under district industry office/ No Pollution Certificate. |
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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)
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