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Unsecured Overdraft facility for Working Capital requirement for Small Business
Eligibility
· Any Proprietorship/Partnership/Private Limited/ Limited Concern
· Running business since last 3 years from the same premises
· Having profit after tax for last two years
· Having turnover more than Rs.25 Lacs.
Purpose
To provide working capital requirement without any security
Facility
Unsecured Overdraft Facility
Quantum of loan
Minimum Rs.5 lacs
Maximum Rs.25 lacs
Security
NO SECURITY
Margin
NO MARGIN
Interest
Competitive rates based on credit rating of Borrower
Scheme is not available for
1. Placement Agencies
2. Film related companies
3. Companies operating from business centers
4. Insurance Agents
5. Finance Companies
6. Chit funds/Nidhi companies
7. Collection Agencies
8. Security / Detective Agencies
9. Video Parlours
10. Timeshare/ Plantation companies / Resort
11. Aqua culture companies
12. Bars / Wine Shop owners
13. Share brokers
14. Tax consultants except professionals
15. STD / Xerox booth operators
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