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%
Detail Link	View Link