MSE Business Loan

Unsecured Business Loan

Customer segment
- Micro and Small Enterprises (defined by turnover criteria in eligibility grid) typically with annual sales turnovers in the range of
- Manufacturing: `18,00,000 and above
- Trading: `20,00,000 and above
- Services: `15,00,000 and above
Loan amount
- Minimum `2,00,000
- Maximum `3,00,000
Tenure
- Minimum 1 year
- Maximum 2 years
Rate of Interest (ROI)
- 24% p.a. (reducing)

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Loan types and purpose

Loan purpose	Typical use
Working Capital	Purchase of stock (raw material and finished goods) Payment to creditors Financing of debtors For keeping cash to meet day to day operating expenses Short term debt repayment
Capital Expenditure	Purchase of new or old equipment Investing in purchase or renovation of office/factory/godown or other business premises
Debit consolidation	Consolidating different short term loans taken for business purpose

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Unsecured and Secured Enterprise Loan

Features	Unsecured Enterprise Loans	Secured Enterprise Loans
Customer Segment	Registered Micro and Small Enterprises (defined by turnover criteria in eligibility grid) typically with annual sales turnovers in the range of Manufacturing: `35,00,000 and above Trading: `40,00,000 and above Services: `20,00,000 and above

	Loan purpose	Typical use (indicative)
Loan types and purpose(term loan repayable in EMIS)	Working Capital	Purchase of stock (raw material and finished goods) Payment to creditors Financing of debtors For keeping cash to meet day to day operating expenses
	Capital Expenditure	Purchase of new or old equipment Investing in purchase or renovation of office/factory/godown or other business premises
	Debit consolidation	Consolidating different short term loans taken for business purpose
Loan amount (given in multiples of `10,000 in the following range)	Minimum `3,00,000 Maximum `7,50,000	Minimum `10,00,000 Maximum `50,00,000
Tenure	Minimum (12 months) Maximum (36 months)	Minimum 3 years (36 months) Maximum 10 years (120 months)
Rate of Interest (ROI)	21-23% p.a. reducing	14-17% p.a. reducing

Overdraft Facility

Customer segment
- Micro and Small Enterprises (defined by turnover criteria in eligibility grid) typically with annual sales turnovers in the range of
- For MSE businesses with annual turnover of `50 lakh and above
Loan amount
- Minimum `11 lakhs
- Maximum `50 lakhs
Tenure
- OD limit will be annually renewable unless specified otherwise
Rate of Interest (ROI)
- 1 year MCLR + 1 % ( MCLR- Marginal Cost of funds based on Lending Rate )
Features
- Pay interest only on utilized limit
- Option to combine MSE Loan with Overdraft facility
- Quick processing
- Priority services at branches

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For all other charges, please contact your nearest MSE branch.