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:

Size of Credit limit	Micro Enterprises		Small Enterprises
Upto Rs.50000/-	(Mfg.Sector)	Service	(Mfg.Sector)	Service
	PLR -3.50	PLR - 2.00
			PLR -3.00	PLR – 1.50
Above Rs.50000/- up to Rs.2.00 lakhs
			PLR -1.50	PLR -1.50
	PLR -2.00	PLR - 2.00

Above Rs.2 Lakhs:

Medium Enterprises:

Size of the Credit Limit	Interest Rate
Upto Rs.2 Lakhs	PLR – 0.50
	Spread to be added to PLR
Credit Rating of Borrower	CR1	CR2	CR3	CR4	CR5	CR6
Above Rs.2 lacs	0.00	0.50	1.00	1.50	2.00	2.50

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

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