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Laghu Udhyami Credit Card Scheme (Lucc) |
"Tatkal Vyapar Suvidha"- Scheme
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General Purpose Term Loans |
"SME Smart Score" Scheme |
"Artisans Credit Card |
Scheme For Beauty Parlour |
Sbbj Tourism Plus |
Sbbj Shoppe
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Car Loan To SME Units |
Mortgage Advance |
Working Capital Requirements Of
SMEs |
Medium Term Loan Requirements Of SMEs |
Term Loan Requirements Of SMEs |
SBBJ Transport Operators Scheme |
SBBJ Professional Plus |
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SBBJ SHOPPE
PURPOSE |
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For purchase of new / old shops
/ establishment / offices.
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Modernisation / Expansion of shops /
Establishments/Offices.
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All furniture / fixtures /
/electrical fittings and other accessories required for the
Shops / Establishments / Offices.
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Eligibility
Individuals / Firms / Partnership / Trust / Franchises. |
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QUANTUM OF LOAN
Rs.20 lacs (Maximum) under SBBJ Shoppe (for Small Business Enterprises).
Rs.200 lacs (Maximum) under SBBJ Super Shoppe..
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MARGIN
25% ( in respect of purchase of old property margin will be
charged as 40%). |
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PRIMARY SECURITY |
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Hypothecation / pledge / mortgage / assignment of property
purchased out of Bank's finances including non industrial
assets.
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In case of leased property,
mortgage / assignment of leased hold property will be obtained
in addition to NOC from the lessor. Repayment period has to
be within the lease tenure.
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In case of rental property, loan for
facilitating of shop can be considered provided landlord of the
premise agrees to mortgage the shop, or landlord gives the permission
to tenant for obtaining the finance and tenant provides an alternative
property for equivalent amount of the loan acceptable to the Bank for
mortgage.
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REPAYMENT
3 to 7 years including moratorium period not exceeding 18 months. |
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CAR LOAN TO SME UNITS
Purpose
To provide term loan to the promoters/partner of the SME
units * having borrowing arrangements with the bank or their
family members either in their own name or in the unit’s name
for purchase of new / old cars, jeeps etc. on attractive terms
and conditions which are as under :- |
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Eligibility
Based on assessed annual income of Rs.75,000/- and above. |
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Loan Amount No
Ceiling for new vehicles.
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Rs.15.00 lac for used
vehicle.
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Margin
For loan upto Rs. 6 lacs – 15%
For loans above Rs. 6 lacs – 30% |
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Collateral
No Collateral security required. |
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Appraisal
Simple, based on 2.5 times of assessed net annual income.
Income of spouse can be added provided the spouse guarantees the
loan. |
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Processing charges
Waived. |
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OTHER BENEFITS
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Sanction by the concerned authority
without clubbing with other facilities provided to the unit.
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No charge for issuing Demand Draft/ Bankers
Cheque for making payment to the Dealer.
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* For the purpose of this Scheme SME units
mean all units covered under SSI & ME segments and all non- corporate
Trade and Service sector units irrespective of segment.
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MORTGAGE ADVANCE |
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Purpose
Providing hassle free finance to SME borrowers for their multiple requirements including working capital / capital expansion and other business requirements. |
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Type of Loan
Overdraft :
For Working Capital requirements
Term Loan : For other requirements |
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Eligibility
a) Small & Medium Enterprises.
b) Traders.
c) Professional and self employed.
d) Transport Operators.
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Quantum of Finance
Minimum - Rs.1.00 lac.
Maximum - Rs 200.00 lacs
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Computation of quantum
of finance
(a) For Small & Medium Enterprises, Traders & Transport Operators : |
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75% of realizable value of
Collateral Security by way of equitable mortgage. |
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(b) For Professionals &
Self Employed Persons |
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75% of realizable value of Collateral
security by way of equitable mortgage. |
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OR |
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4 times of net annual
income as per Income Tax Return. |
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Security
(a) Primary : |
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(i) Hypothecation of stocks
and receivables. |
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(ii) Assets created out of Bank finance in case of Term Loan. |
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(b) Collateral |
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(i) Equitable mortgage of
land & building
(ii) Personal guarantee of all the Directors of the Company / all the partners of the Firm / Karta & Major Co-parcners of HUF.
(iii) Personal guarantee of owner of the immovable property offered as collateral security in case of third party. |
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Repayment
Maximum 84 months including gestation period. |
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