Scribd Logo
Upload

Welcome to Scribd!

  • 1K views

    Msme Loan - Upto 2lakhs: NF-546 NF-998 NF-588 NF-855 NF-803 NF-482 NF-373 NF-368

    Uploaded by

    Santosh Kumar
    This document provides information on MSME loans up to Rs. 2 lakhs including eligibility criteria, margins, interest rates, processing fees, and documents required. Key details include loans available to individuals, proprietorships, and partnerships, margin requirements of 15-25% for term loans and as per cash budget for working capital, interest rates starting from RLLR+1.05% for micro and small enterprises, and documents like Aadhar, PAN, tax invoices, and rent agreement needed for loan application.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Msme Loan - Upto 2lakhs: NF-546 NF-998 NF-588 NF-855 NF-803 NF-482 NF-373 NF-368

    Uploaded by

    Santosh Kumar
    1K views4 pages
    This document provides information on MSME loans up to Rs. 2 lakhs including eligibility criteria, margins, interest rates, processing fees, and documents required. Key details include loans available to individuals, proprietorships, and partnerships, margin requirements of 15-25% for term loans and as per cash budget for working capital, interest rates starting from RLLR+1.05% for micro and small enterprises, and documents like Aadhar, PAN, tax invoices, and rent agreement needed for loan application.

    Original Description:

    Fy655

    Original Title

    5_6068999650667397531

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document provides information on MSME loans up to Rs. 2 lakhs including eligibility criteria, margins, interest rates, processing fees, and documents required. Key details include loans available to individuals, proprietorships, and partnerships, margin requirements of 15-25% for term loans and as per cash budget for working capital, interest rates starting from RLLR+1.05% for micro and small enterprises, and documents like Aadhar, PAN, tax invoices, and rent agreement needed for loan application.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views4 pages

    Msme Loan - Upto 2lakhs: NF-546 NF-998 NF-588 NF-855 NF-803 NF-482 NF-373 NF-368

    Uploaded by

    Santosh Kumar
    This document provides information on MSME loans up to Rs. 2 lakhs including eligibility criteria, margins, interest rates, processing fees, and documents required. Key details include loans available to individuals, proprietorships, and partnerships, margin requirements of 15-25% for term loans and as per cash budget for working capital, interest rates starting from RLLR+1.05% for micro and small enterprises, and documents like Aadhar, PAN, tax invoices, and rent agreement needed for loan application.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    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 25/- per inspection or actual expenses incurred
    whichever is higher with a Maximum of 300/-
    per year per borrower
    Above 2 Lakhs 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)

    You might also like