Bank | Indian Bank |
Scheme | IND SME Secure |
Description | This loan helps businesses in the Small and Micro Enterprises (SME) sector meet their capital expenditure and working capital requirements. Proprietorships, partnerships and limited companies in the manufacturing and services sector that fit SME definition are eligible for this loan. |
Eligibility | |
Rate of Interest & Repayment | Interest
|
Collateral |
|
Composite /loan Limit |
|
Margin | The bank charges anywhere from 25% to 30% of total cost as margin money |
Detail Link | View Link |
Bank | Indian Bank | ||
Scheme | IB Doctor Plus | ||
Description | To finance qualified medical practitioners for buying equipment, setting up clinic or clinic-cum-residence or nursing homes, setting up X-ray lab, pathological clinics, polyclinics. Setting up Drug/Medical stores, purchase of vehicles, ambulance, computers, expansion/renovation/modernisation of existing premises. | ||
Eligibility | Individuals/ Partnership/ Ltd.Co./ Trust. Promoters should have minimum MBBS/ BAMS/ BDS/ BHMS & registered practicioners. Key promoters or their spouse should be qualified doctors. | ||
Rate of Interest & Repayment | Interest: WC- BPLR-1.25 TL (equip)-BPLR+TP-1.75 TL (bldg) – BPLR+TP-0.75 Repayment Period: Maximum period up to 10 years. | ||
Collateral |
|
||
Composite /loan Limit | Minimum Rs.1.00 lakh and Maximum Rs.50.00 lakhs. | ||
Margin | Margin of Loan:
|
||
Detail Link | View Link |
Bank | Indian Bank |
Scheme | IB My Own Shop |
Description | This loan helps businesses in the Small and Micro Enterprises (SME) sector meet their capital expenditure requirements. Proprietorships, partnerships and limited companies in the SME definition are eligible for this loan. |
Eligibility | |
Rate of Interest & Repayment | Interest
|
Collateral |
|
Composite /loan Limit |
|
Margin |
|
Detail Link | View Link |