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NCB MSME  Loans

NCB MSME  is a quick and convenient banking solution to finance the short and long-term business needs of Micro, Small and Medium enterprises. This product caters to the working capital requirements of MSME sector through the wide network of NCB Bank Branches.

With facilities like Overdraft, Cash Credit, Term Loan and other facilities, we help the businesses to meet the working capital, capital expenditure and non-fund based requirement.

  • Loans from Rs 10.01 lacs to Rs. 5 crore

Features

  • Target Group : All Business units engaged in manufacturing, services activities along with self-employed and professional individuals, wholesale / retail trade.

  • Quantum of loan (Min/Max) :

    • Minimum: Above Rs. 10 lakhs

    • Maximum: Rs. 25 lakhs

  • Margin (%): 10% which should be ensured through stocks and receivable statement

  • Pricing: Competitive pricing linked to EBLR

  • Collateral Security :

    • Minimum collateral of 40% in the form of exclusive mortgage charge on Land & Building/cash equivalent like lien/charge on Fixed Deposit, Mutual Fund etc. Realizable value of immovable property to be taken for this purpose and property should be SARFAESI compliant.

    • Personal guarantee of all the directors / partners. However, personal guarantee of Professional director / Independent directors / Nominee directors will not be obtained.

    • Personal Guarantee of the owner of the Collateral Security offered as Mortgage/Pledge.

  • Repayment Period: 

    • Cash Credit: Repayable on demand or To be renewed annually.

    • Dropline OD:

      • Limits can be sanctioned for a period ranging from 12 months to 60 months (reducing DP) including a moratorium of a maximum three months. To be reviewed annually.

      • The drawing power shall be reduced monthly so as to have the outstanding liquidated at the end of the repayment period.

      • Regular transactions are permitted upto drawing power available.

      • No over-drawings will be permitted.

      • DP Reduction date or instalment due date will be last working day of every month.

      • After liquidation, in case further loan is required, fresh request to be made

  • Unified Charges : Rs. 7500/- plus applicable taxes. Unified annual charges comprising of processing fee, EM charges, documentation charges, Inspection, commitment charges and remittance charges (1 remittance per day free)

Eligibility

    • Applicant Age: 18 years - 75 years

    • Business Vintage: Minimum 3 years with cash accruals for last 2 years

    • Entities having CA Certified / Audited Balance Sheets (ABS)

    • Constitution: Proprietorship/ Partnership/ Pvt. Ltd Companies/ Limited Companies/ LL

Documentation Required

    • Application Form

    • Financial Statements

    • Business License

    • KYC Docs

Thrift Shop Worker
For Addendum to Schedule of Charges, please click Here.
Click here for Trade & Forex Schedule of Charges

Applicable Taxes- are applicable (if apply) subject to eligibility of particular Charges.
Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).

"NCB  Bank  will  convey its decision (within 2 weeks  for  credit  limit up to Rs. 5 lakh and within 3 weeks for credit limit above Rs. 5 lakh and up to Rs. 25 lakh for Micro & Small enterprises borrowers) and (within 30 working days for other borrowers) from the date of receipt of the application provided the application is complete in all respects and is submitted along with all the documents as per 'check list' provided in the application for loan and/or any additional documents as may be required by the bank for proper appraisal of the application. The computation of timelines shall start from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank."

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