Bank | Indian Overseas Bank |
Scheme | IOB RICE MILLS PLUS Scheme / IOB SME MAHILA PLUS SCHEME |
Description |
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Eligibility |
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Rate of Interest & Repayment |
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Collateral |
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Composite /loan Limit |
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Margin | As per extant guidelines for lending to MSE sector. |
Detail Link | View Link |
IOB CA SCHEME
Bank | Indian Overseas Bank |
Scheme | IOB CA SCHEME |
Description |
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Eligibility |
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Rate of Interest & Repayment | As applicable to MSME Sector; Rate of interest linked to Base Rate; Rate of interest is subject to review at periodical intervals
Repayment: Maximum of 10 years by EMI (including Moratorium period) Repayment to commence from the date of commercial operation or after completion of initial repayment holiday whichever is earlier Interest to be serviced as and when debited |
Collateral |
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Composite /loan Limit | Varies from Rs.10 lacs to Rs.125 lacs depending on the category |
Margin | |
Detail Link | View Link |
IOB MSE PLUS
Bank | Indian Overseas Bank |
Scheme | IOB MSE PLUS |
Description | IOB MSE PLUS is a novel scheme introduced by IOB for the benefit of Micro and Small Enterprises (MSEs). Under the scheme, MSEs can avail both their working capital and long term investments needs in the form of a single term loan in a hassle free manner and repay the entire loan (including working capital) over a period of time. |
Eligibility | Both manufacturing and service enterprises coming under Micro and Small Enterprises category as per MSME Act 2006. |
Rate of Interest & Repayment | As applicable to Micro and Small Enterprises Rate of interest linked to base rate Present Interest are as under:
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Collateral | Nil |
Composite /loan Limit | |
Margin |
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Detail Link | View Link |
IOB ENGINEER SCHEME
Bank | Indian Overseas Bank |
Scheme | IOB ENGINEER SCHEME |
Description | TO CONSTRUCT OFFICE PREMISES
TO PURCHASE FURNITURE & FIXURE, FITTINGS & OFFICE EQUIPMENTS SUCH AS COMPUTERS,PRINTERS,PLOTTERS,BOOKS & OTHER ACCESSORIES ,ETC. To Purchase Centering sheets, Spans, props, Column box etc., To purchase Constructional Machineries like J.C.P Rollers, Vibrators, Mixer Machines, drillers, earth Rammers, Other equipments, etc., |
Eligibility | Civil Engineers ((Individuals upto 65 yrs of age)
Proprietorship Concern. Partnership Firm. Partnership with Limited Liability. |
Rate of Interest & Repayment | Interest Rate : As per extant guidelines.
A reduction of 0.50 % on the applicable rate if collateral coverage is 100% or above.
REPAYMENT : Cash credit : To be renewed annually and Interest to be serviced on monthly basis. Term Loan : Maximum of 7 years in Equated Monthly Instalments Including moratorium period of 3 months. Initial Moratorium upto 12 to 18 months in case of Financing construction activity only. Interest to be serviced as and when debited including holiday period. Repayment to commence from the date of commencement of Commercial Operation. |
Collateral |
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Composite /loan Limit | |
Margin | |
Detail Link | View Link |
IOB MICRO ONE
Bank | Indian Overseas Bank |
Scheme | IOB MICRO ONE |
Description | |
Eligibility | MICRO ENTERPRISES falling under the norms as below:
(only new connections under Micro Sector and the scheme is not applicable to existing borrower clients) Manufacturing : Original investment in Plant and machinery upto Rs.25.00 lacs Service Enterprises: Original investment in Equipments upto Rs.10.00 lacs |
Rate of Interest & Repayment | Both for Working Capital and Term Loan Base Rate + 1.75%
Repayment: 84 EMIs for Term Loan (for combined facility as well) Cash Credit to be renewed annually |
Collateral | Only prime security created out of this loan (NO COLLATERAL OR THIRD PARTY GUARANTEE TO BE OBTAINED) |
Composite /loan Limit | Maximum Rs.50.00 lacs (Cash Credit + Term Loan with a ceiling of Rs.22.50 lacs for Term Loan) Can be granted separately or as a combined credit facility |
Margin | 10% for working Capital against stocks and 15 % against Book debts. |
Detail Link | View Link |