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MSME LAP

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MSME LAP
S.No Particulars Guidelines
1.      Target Group All Micro, Small & Medium Enterprises (MSME) as per extant definition of Government of India with Udyam Registration Certificate.
2.      Eligibility The constitution of Borrower can be Individuals, Proprietorship firm, Partnership firm, LLP, Pvt Ltd. Companies, Ltd Companies, Societies, Trust etc. HUF is not permitted.

 

 

Entry Level Age / Exit Level Age of the owner/s of the immovable property offered as security

  • Minimum Entry level Age: 18 years
  • Maximum Exit Level Age: 70 years

New units can also be considered based on realistic projections.

ZLCC can relax upto 75 years & FGMCAC can relax upto 80 years
3.      Purpose Any Bonafide business purposes viz.,

 

  • Business expansion, Improvements / Extension.
  • Purchase of Machineries / Fixed / Movable / Immovable Assets
  • Purchase  / Acquisition / Construction  / Renovation / Built up  / Under Construction of property for Business Purposes.
4.      Facility 4.1. Term Loan

 

4.2  Overdraft: Dropline OD Facility.
5.      Loan Amount Minimum Loan Amount: Above Rs.10.00 Lakhs

 

Maximum Loan Amount: Rs.25.00 Crores
6.      LTV LTV of 60% shall be ensured throughout the repayment. In case of relaxation in margin cases, LTV of 70% to be ensured.
7.      Assessment Assessment based on security value of EM property (RSV) after deducting stipulated margin and compliance to DSCR and other applicable benchmark ratios.
8.      Security Primary Security: Immovable property proposed to be mortgaged.
9.      Repayment

 

Terms

 Term Loan :

 

  • Door to Door : Maximum 120 Months
10.   Rate of Interest ROI ranging from 8.15% to 8.75%

 

(Last modified on:Jun 08, 2026 at 01:54:38 pm)