Bank | Bank of India | |
Scheme | STAR ASSET BACKED LOAN (BSABL) | |
Description | Purchase of equipment, Machinery, Vehicle, Furniture, Fixture etc. and Working capital requirement, Purchase/Renovate/Construct Business Premises/Office/Godown/shop/Unit etc, to repay high cost debt | |
Eligibility | All Existing Business enterprises complied with GST Registration, unit should be in operation in last 3 years and should have earned cash profit atleast in two preceding years | |
Rate of Interest & Repayment | ||
Collateral | Immovable property in the form of Equitable/Registered Mortgage of land and building, by way of first charge. | |
Composite /loan Limit | The extent of finance is minimum Rs 50 lacs, maximum Rs. 1000 lacs | |
Margin | ||
Detail Link | View Link |