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Central Bank

CENT – FOOD PROCESSING PLUS

Bank Central Bank of India
Scheme CENT – FOOD PROCESSING PLUS
Description Working Capital Finance/Term Loan/Non Fund Based Limit
Eligibility  
Rate of Interest & Repayment ·     For Fund Based Working Capital and Term Loan up-to Rs.100Lac = MCLR+0.50%

·     Loan above Rs.100 lac: ROI will depend upon extent of collateral security.

i. Where the collateral security coverage is more than 100%: MCLR + 50 Bps.( Irrespective of Rating)
ii. Where the collateral security coverage is between 75% to 100%, the following rates are to be charged: Interest will be in the range of @10.75% to 12.00% based on rating
iii. Where the collateral security coverage is between 50% to 75%, Interest will be in the range of @11.25% to 12.50% based on rating

·     Tenor premium for Term Loan up-to 3 years: 0.25% & above 3 years: 0.50%.

one year for Working Capital and 7 years for Term Loan

Collateral  
Composite /loan Limit Loan Limit Up to Rs.1 crore: Collateral Security by way of EM of immovable property having 50% of the limit sanctioned
OR
CGTMSE Coverage
Loan Limit above Rs.1 crore: Collateral Security by way of EM of immovable property having market value not less than 50% of the limit sanctioned
Margin 20%
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