Business OverDraft - Over Draft Facility allows you that extra spending power which can come very handy in business

Micro, Small and Medium Enterprises (MSMEs) is the backbone of economic growth. Kerala Gramin Bank provides loans to cater various business needs under MSME segment

Purpose

  • Working capital finance for Traders.
  • Working capital finance for manufactures.
  • Working capital finance for Service providers

Eligibility

  • Borrowers can be Individuals, proprietary, partnership concerns, SHGs, Companies, Trusts in MSME segment (service units) engaged in contractor/sub-contractor activity and falling within the meaning of Micro, Small & Medium Enterprises as defined in MSMED Act, 2006
  • Borrower should have satisfactory dealings with the Bank
  • For new units, size and turnover will be considered in order to estimate the eligible limit.

Limit & Margin

    Limit

  • Minimum loan amount is Rs. 1 lakh
  • Eligible limit is sanctioned on the basis of Working Capital requirement, upto 20 % of turn over.
  • For new units, loan limit will be 80% of the working capital arrived under Operating Cycle Method.
  • Margin

  • A margin of 5% needs to be invested by the borrower.
  • For new units, margin will be 20% of the working capital arrived under Operating Cycle Method.

Security

    Up to Rs.1 lakh

  • Hypothecation of assets
  • Coobligation of a worthy person.
  • Above Rs.1 lakh

  • Hypothecation of assets.
  • Collateral security of Immovableproperty .
  • The value of Collateral security should not be less than 150% of the working capital limit.

Repayment

  • Working capital loans are tenable for 24 months subjected to annual Review.

Interest Rates & Charges

  • Please visit Loan interest rates page for details.
  • Please visit Service charges page for more details.
  • Working capital finance for Traders.
  • Working capital finance for manufactures.
  • Working capital finance for Service providers
  • Borrowers can be Individuals, proprietary, partnership concerns, SHGs, Companies, Trusts in MSME segment (service units) engaged in contractor/sub-contractor activity and falling within the meaning of Micro, Small & Medium Enterprises as defined in MSMED Act, 2006
  • Borrower should have satisfactory dealings with the Bank
  • For new units, size and turnover will be considered in order to estimate the eligible limit.

    Limit

  • Minimum loan amount is Rs. 1 lakh
  • Eligible limit is sanctioned on the basis of Working Capital requirement, upto 20 % of turn over.
  • For new units, loan limit will be 80% of the working capital arrived under Operating Cycle Method.
  • Margin

  • A margin of 5% needs to be invested by the borrower.
  • For new units, margin will be 20% of the working capital arrived under Operating Cycle Method.

    Up to Rs.1 lakh

  • Hypothecation of assets
  • Coobligation of a worthy person.

    Above Rs.1 lakh

  • Hypothecation of assets.
  • Collateral security of Immovableproperty .
  • The value of Collateral security should not be less than 150% of the working capital limit.
  • Working capital loans are tenable for 24 months subjected to annual Review.
  • Please visit Loan interest rates page for details.
  • Please visit Service charges page for more details.

OUR KEY PRODUCTS

RECURRING DEPOSIT

GOLD LOAN

AGRICULTURE LOAN

VEHICLE LOAN

RECURRING DEPOSIT

GOLD LOAN

AGRICULTURE LOAN

VEHICLE LOAN



Get Latest Updates

SUBSCRIBE US


630+

Branches

10,500+

Networked ATMs

3500+

Employees

70,00,000+

Happy Customers

© 2017 Kerala Gramin Bank.    All Rights Reserved.
Powered by : SRV InfoTech