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Bank of India

STAR ASSET BACKED LOAN (BSABL)

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
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