RMGB – TEXTILE PLUS
All MSME and other units engaged in textile related activities such as manufacturing, processing, trading and similar activity.
- Purpose: To provide hassle free finance to the textile related activities for financing their multiple requirements including normal working capital/capital expansion.
- Facility: Term Loan / Cash Credit / Dropline Overdraft / Non Fund Based (BG).
- Margin: Working Capital: 25% of the stock and 40% of the receivable
Term Loan: 25% . - Quantum of Finance: Minimum >10.00 lakhs, Maximum: Rs.25.00 crores
- Repayment Period: Working Capital- Payable on Demand
Term Loan/ Dropline Overdraft- Maximum 120 months - ROI:Up to Rs.50.00 lac @9.90%
Above Rs.50.00 lac as per CRA rating - *Product features and ROI are subject to change from time to time as per discretion of the Bank.