RMGB - SIB BANDHAK SCHEME     

• Purpose: To provide hassle- free finance to the Borrower in SME sector for multiple business requirement generally covering working capital/capital expansion requirements and the other business related activities.
• Type of Loan:Overdraft Limit – For Working Capital requirement.
  Term Loan- For other requirements.
  In case of simultaneous demand for term loan and overdraft limit, both can be provided together.
• Eligibility: Existing customers whose past transactions/records are satisfactory.
  New units with excellent performance and main promoter having good reputation.
• Loan Amount: Minimum Rs. 1.00 lacs and maximum Rs. 200.00 lacs.
• Repayment Period: Term Loan- Maximum 84 months
  Overdraft – Repayable on demand
• ROI:Up to 50.00 lacs: 10.50%
  Aggregate limit above Rs.50.00 lakhs: As per CRA rating norms.
*Product features and ROI are subject to change from time to time as per discretion of the Bank