IND BIZ NEST
| Particulars | Guidelines |
| Target Group | All Micro, Small & Medium Enterprises (MSME) with Udyam Registration Certificate as per extant definition of Government of India |
| Purpose | •To purchase new commercial space / shop and also resale purchases provided the residual life of commercial space is not less than actual repayment period plus 2 years, and / or fresh construction, renovation of the business premises. Estimates to be vetted by panel valuer and all statutory approvals to be ensured. • The property to be acquired should be for business purpose / for purpose of guest house / accommodation for their employees or executives / directors/ promoters/ partners/ proprietor. |
| Types of Facility | Term Loan |
| Loan Amount | Maximum Loan amount – Rs.10.00 Crores, limit based on constitution. |
| Margin (Promoter’s contribution) | Minimum 25% on the cost of property |
| Security | EM on commercial property to be acquired
Personal guarantee of partners / directors in individual capacity
|
| Repayment terms | As per MSME Policy of the Bank |
| Processing & other charges | Processing Charges: 0.60% of loan amount
All other charges are at Card Rate. |
