|Bank||Central Bank of India|
|Scheme||CENT – FOOD PROCESSING PLUS|
|Description||Working Capital Finance/Term Loan/Non Fund Based Limit|
|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)
· 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
|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
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
|Detail Link||View Link|