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CORPORATION
HIGHLIGHTS
One of the premier term lending state Financial Corporations of
India.
Consistent
track record in servicing of debts.
SEBI
authorised Category - 1 Merchant Banker and Member of OTCEI.
OUR FINANCIAL NORMS
Debt
Equity Ratio
1:1
to 3:1 depending upon the quantum of loan, nature of industry and nature of
scheme.
INTEREST RATE [Apply to all
units where legal documentation is executed on/or after 1.4.2001]
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Sr No
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Particulars
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Lending rates
(W.E.F. 1/4/01)
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1
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S.S.I.Units :
(a)
Loans
upto to Rs. 2.00 las (including WCTL & FATL under Single Window Scheme)
(b) RTDM/ISO9000 Scheme
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13.25 %
13.25 %
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2
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Above Rs. 2.00 lacs :
(a)
SSI
Units (Incl. FATL & WCTL in SWS cases)
(b) Non-SSI Medium Scale Units
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15.50% for ‘A’ & ‘B’
Category & 16.00 % for Others
16.00% for ‘A’ & ‘B’
Category & 16.50 % for Others
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3
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ERS :
(a)
SSI
(b)
Non-SSI
EFS :
(a)
SSI
(b)
Non-SSI
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15.50% for ‘A’ & ‘B’
Category
16.00% for ‘A’ & ‘B’
Category
16.00% for ‘A’ & ‘B’
Category
16.50% for ‘A’ & ‘B’
Category
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4
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SHORT TERM LOAN SCHEME [STL] &
Marketing/Infrastructure Scheme
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18.00% For ‘A’ Category
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5
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WORKING CAPITAL TERM LOAN [WCTL]
( a )
SSI
( b )
Non-SSI
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16.00% for ‘A’ & ‘B’
Category & 17.00% for ‘C’ Category.
17.00% for ‘A’ & ‘B’
Category & 18.00% for ‘C’ Category.
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6
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FATL above Rs. 3.60 Crores :
( a ) SSI
(b) Non-SSI
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15.00 % for ‘A’ Category
15.50 % for ‘A’ Category
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7
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PENAL INTEREST
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3.5% ( For the
period of default )
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8
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TERMINAL INTEREST
REBATE BENEFIT
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1 % ( On year to year basis )
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Note :
(a)
Penal interest rate has been revised to 3.5%
(b)
SSI units availing loan below Rs. 2.00 lacs and under RTDM Scheme (as
at Sl.No.1) shall not be eligible for TIRB.
(c)
In case of FATL above Rs. 3.60 Cr., the unit of ‘A’ category only
shall be eligible for lower rate of interest. In respect of units with lower credit rating, normal rate
of interest shall apply as at Sl.No.2
LIMIT OF ACCOMODATION
1. Up
to Rs.200.00 lacs for Sole Proprietorship and Partnership Concern
2.
Up to Rs. 500.00 lacs for Private/Public Limited Company
SECURITY
Like Other Financial Corporations stipulates security clause
depending on risk perception on case to case basis. Indicative guidelines are
given in suggestive pages.
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