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Msme Prime Plus: SN Parameters Particulars

The document outlines the terms of the MSME PRIME PLUS loan program. It is targeted towards MSMEs and agri-infrastructure projects. Eligible borrowers include various legal entities registered in India with a GST number and Udyam registration. The facility provides working capital and term loans between 10 lakh and 100 crore rupees. Interest rates vary based on collateral coverage, from the bank's reference lending rate plus a spread of 0.2% to 1.5%. Repayment periods are up to 7 years including a moratorium. Primary security is hypothecation of assets financed and collateral required is 30-75% depending on the MSME segment. The program offers fee

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117 views2 pages

Msme Prime Plus: SN Parameters Particulars

The document outlines the terms of the MSME PRIME PLUS loan program. It is targeted towards MSMEs and agri-infrastructure projects. Eligible borrowers include various legal entities registered in India with a GST number and Udyam registration. The facility provides working capital and term loans between 10 lakh and 100 crore rupees. Interest rates vary based on collateral coverage, from the bank's reference lending rate plus a spread of 0.2% to 1.5%. Repayment periods are up to 7 years including a moratorium. Primary security is hypothecation of assets financed and collateral required is 30-75% depending on the MSME segment. The program offers fee

Uploaded by

omkar maharana
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MSME PRIME PLUS

SN PARAMETERS PARTICULARS
1. Target Group MSMEs and Agri-Infrastructure

2. Eligibility a) Individuals/ Proprietorship / Partnership / Limited Liability


Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co/Trust/ Societies
& Co-operative Societies (registered and incorporated under
applicable law) & any other legal entity having GST Registration
No. (wherever applicable) & valid Udyam Registration.

3. Type of Facility a) Working Capital (Fund based & non-Fund based)


b) Term Loan (For creation of fixed assets / P & M/ Equipment/
Vehicles etc.)

4. Quantum of Minimum: Above ₹ 10.00 Lakh


Exposure Maximum: Upto ₹ 100.00 Crore
5. Margin 15% to 25% depending upon the asset financed
6. Rate of Interest Collateral Coverage Rate of Interest (Based on Internal Rating)
Less than 50% RLLR+BSP+0.50% to RLLR+ BSP+1.50%
50% to less than RLLR+ BSP+0.35% to RLLR+ BSP+1.35%
100%
100% & above RLLR+ BSP+0.20% to RLLR+ BSP+1.25%
8. Repayment/  Working Capital: Shall be sanctioned for a period of one year
Moratorium and renewed on annual basis.

 Term Loan: Max. repayment period upto 7 years (including


moratorium period) and beyond 7 years repayment shall be as
per Bank’s extant guidelines.
9. Primary Security Hypothecation of Assets i.e. Stock, Book Debts, P&M, Equipment,
Vehicles etc. created out of Bank finance (present and future).
10. Collateral Security 30% to 75% depending upon MSME segment viz. Manufacturing,
Services, and Contractor & Traders.
11. Services Charges  50% concession in Processing Fee/ Upfront Fee
Documentation Charges on applicable charges
 25% concession on applicable charges LC & BG Commission

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MSME & MID CORPORATE CREDIT DIVISION,
HEAD OFFICE, PLOT NO.4, SECTOR-10, DWARKA, NEW DELHI- 110075

SN PARAMETERS PARTICULARS
12. Additional Feature A. MSME-VISHESH: Auto increase of Working Capital Limits for
“MSME PRIME PLUS” borrowers

B. MSME-OPEN TERM LOAN: A pre-approved term loan facility


which provides flexibility to the good existing units enjoying credit
facilities from our Bank.

Page 2 of 2

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