Cotton Ginning Plus - Business
Cotton Ginning Plus
Features
- Type of Facility
- Term Loan
- Cash Credit
- Purpose
- Working capital financing
- Acquisition of machinery factory building for modernization/ Expansion etc.
- Quantum of loan (Min/Max)
- Term Loan based on project outlay
- Working capital limits:Need based
- Margin (%) : Term Loan: 15%-25%
- Working capital:
- Against Stock: 15-20%
- against Book Debt: 25%-40%
- Pricing : Competitive Interest Rate Linked to MCLR
- Repayment Period
- Term Loan : 5 to 7 years
- Working Capital: Repayable on demand.
- Processing Fee/Upfront Fee : As per card rates applicable from time to time
Eligibility Criteria
- profit making existing units & New Units in the line of activity of cotton Ginning
Collateral Security
- Loans upto Rs 10 lacs: NIL (Covered under CGFMU)
- for Loan above Rs 10 lacs-Rs 1 cr to be covered under CGTMSE if FEE borne by borrower

Interest Rates
8.85% p.a.
Loan amount up to Rs. 3 lakhs
8.95% p.a.
> Rs. 3 lakhs & up to Rs. 5 lakhs
SME Loan
Other Products

Asset Backed Loan - Commercial Real Estate

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
8.85% p.a.
Loan amount up to Rs. 3 lakhs
8.95% p.a.
> Rs. 3 lakhs & up to Rs. 5 lakhs
SME Loan
Other Products

Asset Backed Loan - Commercial Real Estate

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
8.85% p.a.
Loan amount up to Rs. 3 lakhs
8.95% p.a.
> Rs. 3 lakhs & up to Rs. 5 lakhs