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Schemes With Tie-Ups With Different
Companies |
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Scheme
for Financing of Earthmoving and
construction equipment under Tie-up
arrangement with JCB India Limited
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Eligibility |
Individuals
proprietorship/Partnership Firms
and limited companies/Civil
Contractors/Builders/Trained ECE
operators |
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Facility |
Term Loan |
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Period |
Maximum 4 years |
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Moratorium |
3 Months |
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Margin |
First time buyer
(FTU) : 25%
All others (Non
FTUs) : 15% |
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Scale of Finance |
Cost of equipment
(including initial insurance +
registration) less margin
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Upfront fee |
As per card rates
for Term Loans currently 1.15%
of the loan amount. |
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Rate of Interest
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i) For
loans upto Rs.25 lac (No credit
rating) at par with BPLR
ii) Loan
above Rs.25 lac (subject to
credit rating)
SB-1 to SB-5 (new
rating) at par with BPLR
SB-6 to SB-9 (new
rating) 0.50% above BPLR
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Security
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Third party
guarantee / CGTMSE |
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Scheme
for Financing of Commercial Vehicles under
Tie-up arrangement with:- |
- Ashok
Leyland Limited
-
Eicher Motors Limited
- Force
Motors Limited
- Tata
Motors Limited
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Eligibility |
Individuals
proprietorship/Partnership
Firm/companies/Trusts /
Societies |
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Facility |
Term Loan |
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Period |
1-5 years |
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Margin |
15% of the cost of vehicle
(Chassis, body building and
initial insurance &
registration) |
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Rate of Interest |
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Loan category |
Repayable in less than 3
years |
Repayable in 3 years &
Above |
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Limits up to Rs.10 lac |
11.25% p.a. |
11.50% p.a. |
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Limits above Rs.10 lac |
11.50% p.a. |
12.50% p.a. |
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Scale of Finance |
100% of chassis cost (including
insurance & registration where
body building is involved
or
85% of the total project
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Upfront fee |
Nil |
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Security |
Third party guarantee / CGTMSE/
Mortgage |
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Moratorium |
3
Months |
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Scheme
for finance of Motor Cycles and Scooters
under Tie-up arrangement with Hero Honda
Motors Limited:
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Eligibility |
Individuals
i)
Persons engaged in
agriculture or allied activities
minimum net annual income
Rs.50,000/-
ii)
Permanent employees of
central, State Govt., Public
Sector undertakings,
Corporations, Boards,
Educational institutions,
Private Institutions & Companies
having salary tie-up with SBOP.
iii)
Defence personnel minimum
net monthly (NMI) income
Rs.4000/- |
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Period of Loan |
Maximum 4 years |
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Amount of Loan |
15 times of NMI or
1.5 times of NAI or
85% of the cost of vehicle
(including accessories,
insurance & registration |
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Rate of Interest |
Floating 1.25% above BPLR p.a.
Fixed 14.25% p.a. |
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Upfront fee |
1.10% of loan amount |
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Repayment |
For salaried persons
Maximum 4 years in EMI.
For Agriculturists
Maximum 4 years Quarterly, Half
yearly, Yearly interest
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Moratorium |
3
Months |
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Scheme
for extending facilities to ‘Monte Carlo’ &
‘Cotton County’ Franchisee outlets in the
form of Bank Guarantee/Term Loan. |
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Bank Guarantee
To be issued on behalf of the
franchisee in favour of Oswal
Woolen Mills Limited
Cash Margin: 25% of the amount
of bank guarantee
Security : 100% (By way
of additional cash margin or
lien on
deposits or collateral security)
Commission: 50% concessional
charges to franchisees
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Term Loan
For
building/construction/renovation/interiors
Interest Rate : 0.5% below card
rate
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Current Account/Overdraft
facility
Purpose : Clean facility, to
meet periodical over heads &
other contingency
requirements
Loan : Maximum Rs.50000/-
Period : One year (on yearly
renewal basis)
Rate of : 2% above BPLR
Interest |
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