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 |
Detail Link | View Link |