Tuesday, July 23, 2019
Finance

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:

Micro Enterprises Credit Rating of Borrower CR01 CR02 CR03 CR04 CR05 CR06
Above Rs.2 lacs PLR-1 PLR -0.75 PLR -0.50 PLR PLR+  0.50 PLR+ 1.00
Small Enterprises Above Rs.2 lacs PLR-0.50 PLR-0.25 PLR PLR+ 0.50 PLR +&1.00 PLR + 1.50

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