How fierce is the competition?????

Corp Doctor Plus- Loan for Medical Practitioners

1. Eligibility

Any

Registered Medical Practitioner in the age group of 25 to 60 years with a minimum experience of 12 months.

Close relatives may join as co-applicant/s if they are also Doctors. Where the age of the borrower is 60 years, repayment period not to exceed 65 years of age of the applicant unless coapplicant has independent income to service the loan. case

Loan

for new Doctor/s considered on a case to case basis, based on the merits of the

Two OR more registered medical practitioners jointly OR a Firm managed by Doctors. A Company owned by at least upto 50% by Doctors. Hospitals which are being run/managed by Trusts / Companies/ Institutions, where the ownership is at least up to 50%
with Doctors.

Professionals managing Medical Diagnostic Centers & Testing Labs. Physiotherapist

2. Purpose is also eligible for loan under the scheme for purchase of physiotherapy equipments. subject to the maximum loan of Rs.50 lakh.

Loan In

is for purchase of Brand new Electro Medical & other sophisticated equipments including OT equipments, Air conditioners, Generators, Ambulance, Refrigerators, Personal Computers and accessories with related software and UPS etc. the case of setting up of clinics, purchase of furniture & fixtures, furnishing, Air conditioning, Electrification also financed also considered.

Purchase/ installation of Lift/ Elevator, Solar water heating system, Solar Electrification system, Wind Mill Generator etc., For purchase of ready built premises for hospital/ clinic OR construction of clinic/hospital in own site OR purchase of site
& construction of hospital/ clinic thereon. cost.

Where loan is for purchase of site and construction of hospital/clinic, value of the land not to exceed 50% of the project In
case of purchase of ready built property for Hospital/Clinic, age of the property not to exceed 20 years.

Loan for purchase of second hand Medical Equipments not considered under the Scheme.
3. Loan amount

Loan amount:Maximum loan shall be Rs.5 crore. However, maximum loan for purchase of medical equipments shall be
Rs.2.50 crore.Where composite loan is sought for purchase of ready built premises for hospital/clinic OR construction of clinic/hospital in own site OR purchase of site & construction of hospital/clinic thereon, and also for purchase of Medical Equipments, in such case, cost of medical equipments shall not exceed 50% of total project cost.

4. Margin For purchase / construction of Hospital/Clinic : 35% For purchase of Medical equipments/Other items : 15% 5. Rate of Interest Please click here to download: 6. Security

 Loans up to Rs. 10 lakh are to be secured by hypothecation of Machinery/ equipments/ assets, financed by the bank & a
suitable third party guarantee.

Loan for above Rs. 10 lakh are to be secured by collateral security of immovable property OR other approved securities In In
case of purchase/construction of Hospital/Clinic, mortgage of immovable property required, irrespective of loan amount. case of purchase of ready built property for Hospital/Clinic, age of the property shall not exceed 20 years.

like Bank deposit/NSC/LIC policy/etc valued atleast at 50% of the loan amount in addition to the hypothecation of assets financed.

7. Guarantee Not required. However, based on their risk perception, Sanctioning Authorities may, on case to case basis, stipulate suitable third party guarantee. 8. Assessment Loan upto Rs.10 lakh: Repayment capacity is arrived at based on net annual income of the borrower/s. Loan above Rs.10 lakh: Repayment capacity to be assessed based on project report, viability study and DSCR. 9. Repayment

Where loan is for construction/purchase of Hospital/ Clinic, repayment period is upto a maximum of 10 years including
initial repayment holiday, if any. on useful life of asset.

Where the loan is for purchase of medical equipments, repayment period is a maximum of 84 months in EMIs , depending
10.Processing Charges 0.50% of the loan amount sanctioned subject to a minimum of Rs.1000/- (charges are inclusive of service tax) 11. Prepayment Charges - NIL

CORP SCHEMES -INTEREST RATES w.e.f- 01.01.2012

[ The interest rate is per annum and linked to Banks Base Rate ] [ Base Rate is 10.65% at present. Base Rate is subject to revision from time to time] Up to Rs.25 lakhs Above Rs.25 lakhs & upto Rs.50 lakhs Loan Tenor Above Rs.50 lakhs [HO.Cir 673/2011 ] Floating Fixed Floating Fixed Floating Fixed Upto 10 years BR+0.15% [10.80%] BR+1% [11.65%] BR+1.10% [11.75%] above 10 years & upto 15 years BR+0.25% [10.90%] BR+1% [11.65%] BR+1.10% [11.75%] above 15 years & upto 25 years BR+0.35% [11.00%] 13.50%

BR+1% [11.65%] 14.00% BR+1.35% [12.00%] 14.00% Limits of Rs.25 lakhs and above but below Rs.75 lakhs CORP HOME -Premium NRI Limits of Rs.75 lakhs and above Loan Tenor Floating rate Fixed rate Floating rate Fixed rate up to 15 years 11.25% 11.75% above 15 years & upto 25 years 12.25% 13.25% 12.50% 14.25% SCHEME Rate of Interest SCHEME Rate of Interest CORP DEMAT 13.75% CORP DOCTOR PLUS 12.75% 12.75%

CORP CONSUMER CORP MORTGAGE

16.25% CORP PROFESSIONAL 14.75 % CORP MITRA 14.75% 16.15% 16.25%

[12.75 %-MSME] CORP VYAPAR CORP IPO 15.15% CORP SITE

CORP GHAR SHOBHA CORP BYTE

12.40% CORP SHUBHA VIVAH 12.75%

14.40%

15.40% CORP TUTOR FEE

For others For SRTOs covered under CGTMSE Upto the tenor of 3 years 11.50% 11.50%

Above 3 years and upto 5 years 11.75% 11.65% CORP VEHICLE Above 5 years & upto 7 years 12.00% 11.85% where both, the salary is routed & undertaking letter is available. CORP PERSONAL 13.00% For others 15.75% Up to Rs. 4.00 lakhs 12.25 % Above Rs.4 lacs & upto Rs.7.50 lakhs 13.25% CORP VIDYA Above Rs.7.50 lakhs 12.75% CORP SHELTER Floating : CORP CA 11.75% Fixed : & CORP CS 12.25%

[ size of exposure-combination of Term / Demand / Working capital] Upto Rs.1 crore Above Rs.1 crore : 12.75% As per gradation as applicable to SME

icici
Roaming Current Account ICICI's Roaming Current Account (RCA) simplifies banking by offering smooth and seamless transactions. RCA travels the distance with your business and helps effect lucrative business relationships. RCA brings with it the concept of 'Anytime Anywhere' banking enabling you to operate your RCA from any of our 2000 + branches in more

than 500 cities across India.

Recognising the fact that every business has particular requirements, a range of variants are available under the branch of RCA to suit varying needs. The choice of variants is based on committed Monthly Average Balance; different charges are applied to each variant. It is also possible to change your current variant every month in response to changing needs. Facilities like Doorstep Banking, International Business Banking Debit Card, Corporate Internet Banking, Phone Banking, E-mail Banking and Mobile Banking are available to RCA holders. The following features are also available with all variants: - Multi City Cheques/Local City Cheques - Unlimited Withdrawal and Deposit - Unlimited Cheque book - Demand Drafts and Pay-orders - Funds Transfers - Collection of Cheques/Drafts Benefits Chose an account type that suits your business from the variants available. - Cheque issued from your RCA may be encashed at over 500 centres across India. - Operate your RCA at any of ICICI Bank's 1500 branches. - Allows your customer to deposit cheques into your account from the ICICI bank branch close to him; speedy reflection of deposited cheque in your account. - Call Corporate Care (number) for any queries or requests on your account. Click on 'Corporate Login' atwww.icicibank.com and carry out all your banking transactions from your desk. Choose the account that's right for you.

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Friday, February 03, 2012

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Banking

SCHEMES FOR WOMEN

1. PNB MAHILA UDYAM NIDHI SCHEME
Rates -

als

Rates Advances

To meet gap in equity. The women entrepreneurs will be assisted for setting up of new projects in tiny /small scale sector and rehabilitation of viable sick SSI units. Existing tiny and small scale industrial units and service industries undertaking expansion , modernization technology up gradation & diversification can also be considered.

2. PNB MAHILA Samridhi Yojna

Under This Scheme , four schemes have been launched under the umbrella of one scheme. These are for purchase of required infrastructure for Setting up of 1) Tailoring shop/Boutique, i.e. for purchase of Sewing Machines, etc. 2) ISD/STD Booths, i.e. for Security Deposits with MTNL/other Agencies like Reliance/Tata Indicom.etc., for purchase of Fax Machine, Xeroxing/Photocopier Machine, etc. 3) Beauty Parlour, i.e. for purchase of Furniture, Chairs, Bench etc. 4) Cyber Cafe, i.e. for purchase of Computers and furniture like computer tables, chairs etc. and for recurring expenditure as per the need of the activity.

d Services

Corp Miss Orig Prof Heri Orga Subs JVs Awa Our Com Fair Code

culator

Code of ment

3. Scheme For Financing Creches

Committee

To provide support services for women empowerment to working women in terms of creches with necessary services by making cheaper and easier credit available for financing Creches. The women will be assisted for purchase of required infrastructure for setting up Creches like basic equipment, utensils, stationers, growth monitoring equipments, fridge, cooler/fan, water filter, etc. and for recurring expenditure for one month.

4. PNB Kalyani Card Scheme

ment

For meeting working capital credit requirement of allied agricultural activities/ misc farm/nonfarm activities either singly or in combination with other activities.The literate/illiterate women dwelling in rural / semi-urban areas who have attained the age of majority shall be eligible under Cards the Scheme. Such Women shall include individuals, farmers, landless labourers, agricultural labourers, tenant farmers, share croppers, lessee farmers, etc. The women desirous of undertaking Nom non-farm sector activities should have aptitude/experience and capability for undertaking the Facil activity chosen for self employment. Dece

Savin Acco Curr Acco Fixed Sche Cred Capi Acco Sche Door Bank Serv

5. PNB Mahila Sashaktikaran Abhiyan

Under this scheme, following concessions will be admissible Interest rate to be relaxed by 0.25% in Non-Priority Sector Advances and 0.50% in Priority Sector advances Margin to be reduced to 10%, wherever the margin requirement is more than 10% Waiver of 50% upfront fee (wherever applicable) Trade Related Entrepreneurship Assistance And Development (TREAD) Scheme The scheme envisages extension of credit by the bank and grant by the Govt of India to NGOs for the benefit / on lending to women either through SHGs or individually for setting up of small & micro enterprises in non farm sector. Obc bank
ORIENTAL TRADERS LOAN SCHEME (OTLS) PARTICULARS Purpose

ct

Product

cases Cent Bank Solu View Loan Appl Statu

ur Network

To provide hassle free credit to Traders to meet working capital requirements / augment long term margin of business of the borrower / financing of fixed assets related to business activity of the borrower or for expansion

Type of facility

1. Fund based working capital 2. Non fund working capital 3. Term / Demand loan for development of shop.

Eligibility

Proprietorship, Partnership firms, Private / Public Ltd. Cos., engaged in trading of any commodity / goods and such activity is not prohibited by law or opposed to public interest established in the line of business financed / proposed to be financed under Sole

Banking arrangement. Business unit should have been established in their line of business minimum for 1 year. Trading units established by close relatives (viz spouse,

parent, brother, sister, son, daughter ) of our existing customers with satisfactory dealings, even if these are established for less than 1 year. Traders should comply with applicable statutory

requirements, such as State/Central Sales Tax Registration Certificate, Licence under Shops & Commercial Establishment Act, Registration with Excise Department, etc

Quantum of finance

Maximum limit per borrower based on the area ( Rural,

Semi

Urban, Urban & Metro) where the branch is located shall be as under, subject to the maximum lending powers of the sanctioning authority as per discretionary power chart whichever is less : Rs. In lacs Branch Rural Branches Semi Urban Branches Urban Branches Metro Branches Maximum limit Upto Rs.25.00 lacs Upto Rs.50.00 lacs Upto Rs.100.00 lacs Upto Rs.150.00 lacs

(Aggregate of Working capital and term loan put together not to exceed above limits) Primary security Hypothecation of stock / book debts / fixed assets of the borrower (as the case may be) Collateral security Mortgage (Registered or Equitable) of immovable property and / or any other property (Land & Building but not agriculture land/plot of land/ partially constructed property) belonging to promoters, viz. Proprietor/ Partners/Directors/close relatives, ( viz. spouse, parent, brother, sister, son, daughter ) who will also stand as Guarantors. In case of property Older than 25 years - the branch will be required to carry out inspection of the property every year at

the time of review of facility and ensure that the property is in good physical condition. In case of term / demand loan it shall be ensured that the residual life of the building is at least 5 years more that the repayment period of the loan. In case, any defect is observed during inspection of the security or in architect's report, branch will be required to ensure substitution of the security having requisite value immediately or ensure liquidation of the facility at the earliest but not later than 12 months period in any case Note: Before sanction of any loan verification of property about its clear, marketable, enforceable title must be undertaken by the Branch Head/ Credit In charge and kept on record. Assessment of Limit. 1. Assessment Of Working Capital Finance 50% of the distress sale value of the property*. Or 25% of the estimated annual sales*

*Whichever is less 2. Assessment of Term loan:

75% of the cost of the furniture & fixture to be purchased subject to maximum of 25% of area wise branch limit fixed.

NOTE: 1. However, working capital finance and term loan together should not exceed the Area wise branch limit fixed above or 50% of the distress sale value of the property taken as collateral security. 2.Valuation of the property will be carried out by the valuer on bank's approved panel

Rate Of Interest: (Irrespective Of Credit Rating) Penal Interest

Clik here to know rate of interest

In case of delayed payment, a penalty of 2% on the overdue amount for the over due period shall be charged.

Internal Credit Risk Rating

All accounts to be rated as per the approved specific internal credit risk rating model for the OTLS scheme. However, for consideration of the loan under the scheme, the rating should fall investment grade as per Loan Policy of the Bank. within

Period of Loan

Overdraft:

12 months subject to annual review. Maximum 60 months including

Term Loan/Demand Loan: capacity) Servicing of Interest Insurance

moratorium period of maximum 3 months(depending on repayment

Interest to be serviced as & when charged in the account. Obtaining insurance cover for primary security i.e stock / fixed asset may not be a condition for sanction of the facility. However branch may counsel their borrowers to have the stock insured in their own interest at their cost. Insurance of the property mortgaged is mandatory

Processing Charges

1. Working capital- Rs.100 per Lac or part thereof & service tax, if any 2. Term / Demand loan - Upfront fee of 0.50% of the loan amount & service tax, if any

Classification of the Advance

Loan to traders to be classified as per business activity of the borrower under priority/non priority sector.

Documentation Charges (Fund Based / Non Fund Based)

Limit Upto Rs.10 lacs Above Rs.10 lacs & Upto to Rs.50 lacs Over Rs 50 Lacs Other Features

Amount (in Rs) Rs. 500.00 Rs 1500.00 Rs 2500.00

Simplified assessment method. Stocks etc. wherever should be hypothecated. Submission of stock / book debts statements on yearly basis. However drawing power need not to be calculated based on stock statement.

Bimonthly inspection of primary security i.e stock / fixed asset may be waived. Annual inspection of Property mortgaged to be carried out.

Non-fund based facilities allowed by earmarking Overdraft / loan facility. Undertaking from the borrower exclusively to deal with our bank. Obtaining of Balance Sheet and P/L account is dispensed with. However, declarations of annual sales supported by Returns / assessment on sales tax / income tax, etc. be obtained and kept on record at the time of annual renewal.

Borrower to undertake to route all turnover through their overdraft / current account (in case of term/demand loan) with the branch.

Other Terms and Conditions

Branch to ensure end use of funds both under working capital finance and term / demand loan. Branch to ensure compliance of KYC norms. Due diligence and Pre-sanction inspection is to be carried out by the branch and report to be kept on record.

Branch to satisfy about the repayment capacity of the borrower based on past performance or estimates. In case the term loan/demand loan component is more than Rs.25.00 lacs then the proposal shall be supported by cash flow to satisfy upon the repayment capacity of the unit.

Parties to undertake that they do not owe any overdue statutory dues like Sale-Tax, Income Tax, Corporation Tax, Professional- Tax, etc. And have obtained/renewed licenses from concerned authorities required for trading in the merchandise/goods.

Valuation of immovable property offered as security is to be done by Bank approved valuer. Valuation is to be done once in 3 years.

Branch to Endeavour to display Bank's name as financier at the place of the business of the borrower. Advance shall not be granted for real estate/capital market/ investment or loans to associate/group/sister concerns or for speculative purpose or for meeting personal expenses of self or third party

Property to be mortgaged should be occupied by the borrower or their sister/associate concerns or self occupied by the owner in whose name property is registered. Advance under the scheme can be granted wherein the immovable property offered as security is partly self occupied by the borrower or their associate/sister concerns and partly rented subject to the condition that the area occupied by self/associate concerns/sister concerns is at least 51%

Property already mortgaged in any existing account cannot be extended for the loan to be availed under this scheme. Not more than one loan under the scheme can be granted against one single immovable property. However Property or security charged in this account may be extended to cover other facility to the extent of spill over available i. e property value in excess of 200% of the limit sanctioned can be extended to cover other facility sanctioned to the borrower.

No additional finance should be given to the borrower enjoying the facility under the scheme merely by revising the valuation of the property.

ORIENTAL TRADERS LOAN SCHEME (OTLS)

PARTICULARS Purpose To provide hassle free credit to Traders to meet working capital requirements / augment long term margin of business of the borrower Type of facility 1. Fund based working capital 2. Non fund working capital 3. Term / Demand loan for development of shop. Eligibility Proprietorship, Partnership firms, Private / Public Ltd. Cos., engaged in trading of any commodity / goods and such activity is not prohibited by law or opposed to public interest established in the line of business financed / proposed to be financed under Sole Banking arrangement. Business unit should have been established in their line of business minimum for 1 year. Trading units established by close relatives (viz spouse, parent, brother, sister, son, daughter ) of our existing customers with satisfactory dealings, even if these are established for less than 1 year. / financing of fixed assets related to business activity of the borrower or for expansion

Traders

should

comply

with

applicable

statutory

requirements, such as State/Central Sales Tax Registration Certificate, Licence under Shops & Commercial Establishment Act, Registration with Excise Department, etc

Quantum of finance

Maximum limit per borrower based on the area ( Rural,

Semi

Urban, Urban & Metro) where the branch is located shall be as under, subject to the maximum lending powers of the sanctioning authority as per discretionary power chart whichever is less :

Rs. In lacs Branch Rural Branches Semi Urban Branches Urban Branches Metro Branches Maximum limit Upto Rs.25.00 lacs Upto Rs.50.00 lacs Upto Rs.100.00 lacs Upto Rs.150.00 lacs

(Aggregate of Working capital and term loan put together not to exceed above limits) Primary security Hypothecation of stock / book debts / fixed assets of the borrower (as the case may be) Collateral security Mortgage (Registered or Equitable) of immovable property and / or any other property (Land & Building but not agriculture land/plot of land/ partially constructed property) belonging to promoters, viz. Proprietor/ Partners/Directors/close relatives, ( viz. spouse, parent, brother, sister, son, daughter ) who will also stand as Guarantors. In case of property Older than 25 years - the branch will be required to carry out inspection of the property every year at the time of review of facility and ensure that the property is in good physical condition. In case of term / demand loan it shall be ensured that the residual life of the building is at least 5 years more that the repayment period of the loan.

In case, any defect is observed during inspection of the security or in architect's report, branch will be required to ensure substitution of the security having requisite value immediately or ensure liquidation of the facility at the earliest but not later than 12 months period in any case

Note: Before sanction of any loan verification of property about its clear, marketable, enforceable title must be undertaken by the Branch Head/ Credit In charge and kept on record.

Assessment of Limit.

1. Assessment Of Working Capital Finance 50% of the distress sale value of the property*. Or 25% of the estimated annual sales*

*Whichever is less 2. Assessment of Term loan: 75% of the cost of the furniture & fixture to be purchased subject to maximum of 25% of area wise branch limit fixed. NOTE: 1. However, working capital finance and term loan together should not exceed the Area wise branch limit fixed above or 50% of the distress sale value of the property taken as collateral security. 2.Valuation of the property will be carried out by the valuer on bank's approved panel Rate Of Interest: (Irrespective Of Credit Rating) Penal Interest In case of delayed payment, a penalty of 2% on the overdue amount for the over due period shall be charged. Internal Credit Risk Rating All accounts to be rated as per the approved specific internal credit risk rating model for the OTLS scheme. However, for consideration of the loan under the scheme, the rating should fall investment grade as per Loan Policy of the Bank. Period of Loan Overdraft: 12 months subject to annual review. Maximum 60 months including within Clik here to know rate of interest

Term Loan/Demand Loan:

moratorium period of maximum 3 months(depending on repayment capacity) Servicing of Interest Insurance Interest to be serviced as & when charged in the account. Obtaining insurance cover for primary security i.e stock / fixed asset may not be a condition for sanction of the facility. However branch may counsel their borrowers to have the stock insured in their own interest at their cost. Insurance of the property mortgaged is mandatory Processing Charges 1. Working capital- Rs.100 per Lac or part thereof & service tax, if any 2. Term / Demand loan - Upfront fee of 0.50% of the loan amount & service tax, if any Classification of the Advance Loan to traders to be classified as per business activity of the borrower under priority/non priority sector.

Documentation Charges (Fund Based / Non Fund Based) Limit Upto Rs.10 lacs Above Rs.10 lacs & Upto to Rs.50 lacs Over Rs 50 Lacs Other Features

Amount (in Rs) Rs. 500.00 Rs 1500.00 Rs 2500.00

Simplified assessment method. Stocks etc. wherever should be hypothecated. Submission of stock / book debts statements on yearly basis. However drawing power need not to be calculated based on stock statement.

Bimonthly inspection of primary security i.e stock / fixed asset may be waived. Annual inspection of Property mortgaged to be carried out.

Non-fund based facilities allowed by earmarking Overdraft / loan facility.

Undertaking from the borrower exclusively to deal with our bank. Obtaining of Balance Sheet and P/L account is dispensed with. However, declarations of annual sales supported by Returns / assessment on sales tax / income tax, etc. be obtained and kept on record at the time of annual renewal.

Borrower to undertake to route all turnover through their overdraft / current account (in case of term/demand loan) with the branch.

Other Terms and Conditions

Branch to ensure end use of funds both under working capital finance and term / demand loan. Branch to ensure compliance of KYC norms. Due diligence and Pre-sanction inspection is to be carried out by the branch and report to be kept on record.

Branch to satisfy about the repayment capacity of the borrower based on past performance or estimates. In case the term loan/demand loan component is more than Rs.25.00 lacs then the proposal shall be supported by cash flow to satisfy upon the repayment capacity of the unit.

Parties to undertake that they do not owe any overdue statutory dues like Sale-Tax, Income Tax, Corporation Tax, Professional- Tax, etc. And have obtained/renewed licenses from concerned authorities required for trading in the merchandise/goods.

Valuation of immovable property offered as security is to be done by Bank approved valuer. Valuation is to be done once in 3 years.

Branch to Endeavour to display Bank's name as financier at the place of the business of the borrower. Advance shall not be granted for real estate/capital market/ investment or loans to associate/group/sister concerns or for speculative purpose or for meeting personal expenses of self or third party

Property to be mortgaged should be occupied by the borrower or their sister/associate concerns or self occupied by the owner in whose name property is registered. Advance under the scheme can be granted wherein the immovable property offered as security is partly self occupied by the borrower or their associate/sister concerns and partly rented subject to the condition that the area occupied by self/associate concerns/sister concerns is at least 51%

Property already mortgaged in any existing account cannot be extended for the loan to be availed under this scheme. Not more than one loan under the scheme can be granted against one single immovable property. However Property or security charged in this account may be extended to cover other facility to the extent of spill over available i. e property value in excess of 200% of the limit sanctioned can be extended to cover other facility sanctioned to the borrower.

No additional finance should be given to the borrower enjoying the facility under the scheme merely by revising the valuation of the property.

ORIENTAL TRADERS LOAN SCHEME (OTLS) PARTICULARS Purpose To provide hassle free credit to Traders requirements augment long to / term meet working capital

margin / financing of fixed assets related to business activity of the borrower or for expansion of business of the borrower

Type of facility

1.

Fund

based

working capital 2. Non fund working

capital 3. Term / Demand loan for development of shop.

Eligibility

Proprietorship , Partnership / Ltd. in / firms, Private Public Cos., engaged commodity goods such is law opposed trading of any and activity not or to

prohibited by

public interest established in the line of / to Sole business financed proposed be under Banking arrangement. Business unit should been established in their line of for business minimum 1 year. Trading units established have

financed

by relatives spouse, parent, brother, sister, our with

close (viz

son, existing

daughter ) of customers satisfactory dealings, even if these are established for less than 1 year. Traders should comply applicable statutory requirements, such Sales as Tax State/Central Registration Certificate, Licence under Shops Commercial Establishment Act, Registration with etc Excise Department, & with

Quantum of finance

Maximum

limit

per

borrower based on the

area ( Rural, Urban, Metro) Urban where

Semi & the

branch is located shall be as under, subject to the maximum authority chart lending powers of the sanctioning as per power discretionary

whichever is less : Rs. In lacs Branch Maximum limit Rural Branches Upto Rs.25.00 lacs Semi UrbanUpto Rs.50.00 lacs Branches Urban Branches Upto Rs.100.00 lacs Metro Branches Upto Rs.150.00 lacs (Aggregate Working term together capital loan not of and put to

exceed above limits)

Primary security

Hypothecation fixed assets of

of the

stock / book debts / borrower (as the case may be)

Collateral security

Mortgage (Registered or Equitable) immovable property and / or any other property (Land & of

Building not agriculture land/plot

but

of

land/ partially constructed property) belonging promoters, viz. Proprietor/ Partners/Dire ctors/close relatives, ( viz. spouse, parent, brother, sister, daughter stand Guarantors. In case of property Older than 25 years the to out of property time of of and that good In loan be branch will be required carry inspection the the son, ) as to

who will also

every year at review facility ensure the is in

property

physical condition. demand it shall case of term /

ensured the life of

that the

residual

building is at least 5 years more that the repayment period of the loan. In case, any defect observed during inspection the or architect's report, branch will be required ensure substitution of security having requisite value immediately or ensure of liquidation the than months period in any case Note: Before sanction of any loan verification property clear, of about its the to of in security is

the facility at earliest 12 but not later

marketable,

enforceable by the

title Branch In

must be undertaken Head/ record. Credit

charge and kept on

Assessment of Limit.

1.

Assessment

Of

Working Finance 50%

Capital

of

the sale

distress

value of the property*. Or

25%

of

the

estimated annual sales* *Whichever is less 2. Assessment of Term loan: 75% cost of of the the &

furniture purchased subject maximum wise

fixture to be to of

25% of area branch limit fixed. NOTE: 1. working finance loan and However, capital term together

should not exceed

the branch above the value

Area limit or

wise fixed of the as the be sale

50% of taken of will

distress

property

collateral security. 2.Valuation property valuer on

carried out by the bank's approved panel

Rate Of Interest: (Irrespective Of Credit Rating)

Clik here to know rate of interest

Penal Interest

In

case

of

delayed

payment, a penalty of 2% on the overdue amount for the over due period shall be charged.

Internal Credit Risk Rating

All

accounts as

to

be the risk

rated internal OTLS

per credit

approved

specific

rating model for the scheme. for of the the rating within However, consideration loan scheme, should under the fall

the investment grade as per Loan Policy of the Bank.

Period of Loan

Overdraft: months subject

12 to

annual review. Term Loan: Loan/Demand Maximum

60 months including moratorium period of maximum repayment capacity) 3 months(depending on

Servicing of Interest

Interest to be serviced as & when charged in the account.

Insurance

Obtaining cover security be a for i.e

insurance primary stock / for the counsel to stock

fixed asset may not condition of may the sanction branch their have

facility. However borrowers

insured in their own interest at their cost. Insurance mandatory of the property mortgaged is

Processing Charges

1.

Working

capital-

Rs.100 per Lac or part thereof & service tax, if any 2. Term of / Demand the loan loan - Upfront fee of 0.50% if any amount & service tax,

Classification of the Advance

Loan

to

traders to be

classified per

as

business

activity of the borrower under priority/non priority sector.

Documentation Charges

(Fund

Based

Non

Fund Based) Limit Amount (in Rs) Upto Rs.10 lacs Rs. 500.00 Above Rs.10Rs 1500.00 lacs & Upto to Rs.50 lacs Over Rs 50Rs 2500.00 Lacs

Other Features

Simplified assessment method.

Stocks wherever should

etc. be

hypothecated. Submission of stock / book debts statements on basis. However drawing power not based stock statement. Bimonthly inspection primary security i.e of to need be on yearly

calculated

stock / fixed asset may be waived. Annual inspection Property mortgaged to be out. Non-fund based facilities allowed earmarking Overdraft loan facility. Undertaking from borrower exclusively to deal with our bank. Obtaining and account dispensed with. However, declarations of sales supported by Returns assessment on sales tax / income etc. kept time annual tax, be on of / annual of P/L is Balance Sheet the / by carried of

obtained and record at the

renewal.

Borrower undertake route turnover

to to all

through their overdraft current account case (in of /

term/demand loan) with the branch.

Other Terms and Conditions

Branch ensure both working capital finance term

to end under

use of funds

and / to

demand loan. Branch ensure compliance of KYC and sanction inspection out by is the and on to about to be carried branch kept record. Branch satisfy the repayment capacity of norms. PreDue diligence

report to be

the

borrower

based on past performance or estimates. In case the term loan/demand loan component is more then than the Rs.25.00 lacs proposal shall be supported by cash flow to upon repayment capacity the unit. Parties undertake that they do not owe any overdue statutory dues Sale-Tax, Income Tax, ProfessionalTax, etc. And have obtained/rene wed from concerned authorities required for trading in the merchandise/ goods. licenses Tax, Corporation like to of satisfy the

Valuation immovable property offered be done

of

as by

security is to Bank approved valuer. Valuation to be once years. in is done 3 to

Branch

Endeavour to display Bank's name financier the the of borrower. Advance shall not granted real estate/capital market/ investment or loans up/sister concerns for speculative purpose or for meeting personal expenses self party or of third or to associate/gro be for place as at of the

business

Property to be mortgaged

should occupied the or

be by their

borrower

sister/associa te concerns or self in name property vance the can granted wherein immovable property offered security partly occupied the or er and rented subject to the condition that the occupied area by as is self by their concerns partly the is registered. Ad under scheme be occupied whose by the owner

borrower

associate/sist

self/associate concerns/sist er concerns is at least 51% Property already mortgaged in any existing be account cannot

extended

for

the loan to be availed under this scheme.

Not under scheme be single against

more the can one granted

than one loan

immovable property. However Property security charged this may extended cover in be to other account or

facility to the extent of spill over available i. e property value excess limit sanctioned can extended cover facility sanctioned to the borrower. No additional finance should borrower enjoying facility the under be given to the be to other in of

200% of the

the

scheme by the of

merely revising valuation

the property.

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