CENT MORTGAGE (BUSINESS)

Purpose

Any lawful trading/service providers/Manufactures/processers etc., excluding speculative activity, is covered. The unit should qualify as MSME, as defined under MSMED Act 2006 and any amendments thereto

Eligibility

All types of Traders, Manufacturers, processors, Service Enterprises, Professionals, who are registered under GST and carrying any business activity. (Individuals, proprietorship firms, LLPs, companies engaged in trading/service/manufacturing activity and partnership firms (excluding a firm where HUF is partner) are eligible. In case of GST exempted categories, GST registration is not mandatory.

Nature of Facility

  • Dropline OD / TL

Max Finance

5 CRORE

Margin

NIL- (Mortgage based loan)

Interest Rate

Floating RBLR + 2.55 = 9.40% + TP

Loan Term

120 months