«  Business Loans

Syndicate Bank- SyndUdyog

Purpose of Loan:

Scheme for financing small and medium entrepreneurs.

Target Group:

Manufacturing Units, Trading Units & Service Entities.

Eligibility:

• Credit requirement of the applicant party/unit shall not be more than Rs. 50 lacs.
• The annual sales/revenue turnover of the applicant party / unit shall not be more than Rs. 250 lacs

Rate of Interest:

Interest rate for Micro/ Small Enterprises/ Medium Enterprises:

Above Rs.2 Lakhs:

Medium Enterprises: 

Nature of Facility:

Overdraft/Loans, Bill Limit, LCs/ BGs offered in one package at competitive rates within a predetermined overall limit (not exceeding Rs. 50 lac).

For more information: Website 

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Syndicate Bank- SyndVyapar

Purpose of Loan:

To meet the credit needs of traders.

Eligibility:

All Traders are eligible for this loan scheme.

Quantum of Loan:

Maximum Rs. 25 lakhs in the form of overdraft.

Repayment of Loan:

To be renewed once in 2 years.

Rate of Interest:

Upto Rs.2 lakhs : PLR ; Above 2 lakhs: Depending on credit rating of the borrower.

Security:

Mortgage of property / Pledge of NSC / KVP / LIC / RBI Relief bond and hypothecation of stock in trade.

Margin:

40% on immovable property, 15% on other securities.

Requirement:

Financial statements for limits of over Rs. 10 lakhs.

For more information: Website

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