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Bank of India

Star SME Contractor line of Credit

Bank Bank of India
Scheme Star SME Contractor line of Credit
Description Meeting Working capital needs.
Eligibility Established contractors engaged in business for past three years having Audited Financials and entry level rating SBS 5
Rate of Interest & Repayment  
Collateral ACR of 1.50 to be maintained.
Composite /loan Limit The extent of finance is Rs.10 lacs Rs.500 lacs.
Margin 20% fund based limit & 15% cash margin on NFB
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