Hii sir, I Wants to get the Information About the Small Business Loans of the IDBI Bank ?

[prince karak]

As you Asking for the Information About the Small Business Loans of the IDBI Bank the Information is given below


Small Business Loan
IDBI Bank not only offers finance to MSMEs but also takes care of their all banking needs under one roof with full range of banking products and services. The Bank is in constant endeavor to introduce new products with a view to offer wide array of solutions to the MSME Entrepreneurs.

Purpose / Facility

Bullet Fund Based: Working Capital and Term Finance for capex/ takeover of existing loans
Bullet Non-Fund based limit viz., Bank Guarantee (BG) and Letter of Credit (LC)

Loan Amount
Bullet Maximum: Rs. 1 Crore

Tenor
Bullet Cash Credit: 12 months
Bullet Term Loan: Max 5 years
Bullet Bill Discounting/Letter of Credit: upto 180 days
Bullet Bank Guarantee: Not to exceed 12 months

Pricing
Bullet Linked to Bank Base Rate and Rating

Security
Bullet Primary: Exclusive charge on current and fixed assets
Bullet No Collateral / Third party guarantee