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Bank of Maharashtra

Standard Line of Credit

Bank Bank of Maharashtra
Scheme Standard Line of Credit
Description TO meet the temporary liquidity mismatch
Eligibility Existing MSME units having limits upto Rs 25 crores only with internal rating of BBB and above

 

Account to be standard. SMA-0, SMA-1 and SMA-2 accounts are also eligible under the scheme

Rate of Interest & Repayment Interest:

0.5% above the sanctioned Cash credit rate

Penal interest as applicable to Cash Credit account will be charged

Collateral Hypothecation of stocks and receivables.
Composite /loan Limit
Margin Nil
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