Scheme to cater to the business needs of CA / CS / CMA Professionals i.e. Individuals, Proprietorship / Partnership Firms, Public / Pvt / LLP companies, etc. having Udhyam Registration Certificate.
Facility: Working Capital / Term Loan .
Loan Amount: Maximum Rs.2.00 Crore
Margin: 25%.
Tenor for Term Loan: Maximum 144 months including moratorium of 6 months.
Security: Loan to be covered under CGTMSE guarantee and the fees to be borne by the borrower. If borrower offers collateral security, the same should be at least 100% of the loan. In that case CGTMSE guarantee not required.
If TL is exclusively for purchase of office / building or construction of office/building and such property (office/building) is mortgaged, then collateral security / CGTMSE coverage not required.