Working Capital Products
- Working capital assistance for working capital requirements of the MSMEs.
- Option to choose banking platform from multiple banks (IDBI/CUB/Yes Bank)
- Seamless approval as per customer instructions for setting Drawing Power.
- Single window for term loan customer to avail working capital facilities.
- MCLR Linked attractive rate of Interest.
- New and existing entities who do not enjoy working capital facility from any other bank/ financial institution.
- Takeover of working capital accounts as a part of term loan takeover may be considered subject to standard guidelines.
- No defaults to Bank/FIs.
- Working capital assistance in form of Overdraft Facility for working capital requirements of the MSMEs.
- Paperless in-principle offer letter upon completion of Digital Journey.
- No requirement for submission of monthly/ quarterly statements (Stock/ Book Debt/ QIS etc.)
- Low processing fees of 0.25% at time of sanction and 0.10% p.a. at time of review/renewal.
- Option to choose banking platform from multiple banks (IDBI/CUB/Yes Bank).
- MCLR Linked attractive rate of Interest.
- Assistance upto Rs.3 crore.
- Existing entities having 3 years of operations.
- Should not avail working capital/ over-draft facility from any other bank/ financial institution.
- No defaults to Bank/FIs.
- Working capital term loan assistance for augmenting net working capital and/or to execute urgent confirmed orders.
- Repayment upto 3 years including moratorium upto 6 months.
- Financing upto Rs. 3 crore for existing customers and Rs. 2 crore for new customers.
- Minimum 3 years operations, (2 years for Existing customer of SIDBI)
- Operating profit during past 2 years, (1 year for Existing Customers)
- No defaults to Bank/FIs.
