Scheme name

SPECIAL REVOLVING FUND LOAN FOR EXISTINGCUSTOMERS

Purpose of the loan

To provide financial assistance for meeting the urgent credit requirements of existing clients of the Corporation

Eligibility Criteria

• Existing clients whose accounts are in standard category at least for the immediately preceding one year.
• Shall have a minimum credit rating of 60% as per theinternal credit rating. c) The unit should be in operation for at least 3 years.
• Industrial units in manufacturing and service sector, Except CRE projects are eligible to avail this loan.
• Maximum of 30% of the total term loan availed by the unit.
• Total loan sanctioned under this scheme plus present outstanding balance should not exceed the total oforiginal loans disbursed, which are taken as basis of calculation.

Upper loan limit

Internal credit rating

Should obtain a minimum credit rating of 60%

Promoter’s contribution

Moratorium period

 
Repayment period