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Target group Proprietorship / Partnership firms, Limited Companies falling within the new definition of SME, engaged in the business for the past 3 years with audited financial statement of accounts
  1. The borrower should have known source of funds to pay for the margin and initial recurring expenses.
  2. Should be profit making for the last 2 years
  3. Entry level credit rating SBS 5. No deviation to be permitted.
Purpose General purpose term loan for SME constituents Viz., for R & D activity, marketing and advertisement expenses Purchase of machineries / equipments, Preliminary expenses etc.
Nature of facility

Term Loan.

The safety of this advance will substantially depend on cash flow arising out of activity being financed. It should be ensured that the profits generated / anticipated to be generated turns into liquid cash to service the loan.

Quantum of Loan Minimum Rs.10 lacs and Maximum Rs.500 lacs
Repayment To be repaid in 84 installments within a period of 7 years inclusive of moratorium period of up to 12 months. Interest to be serviced as and when debited.
Appraisal of loan

50% of unencumbered value of the property under offer or 75% of actual requirement for the stated purpose which ever is less Minimum : Rs.10 lacs Maximum : Rs.500 lacs.
Note : Extant guidelines with regard to valuation of property, title clearance and inspection by two different officials etc., must be strictly adhered to.

Average DSCR should be minimum 1.25.

Margin As stated above
Rate of Interest As per prevailing rate of interest structure in terms of HOBC:104/94 dt. 15-11-2010.
Processing Fee, Documentation charges etc
For accounts falling within regulatory definition of MSME : In terms of HOBC : 102/218 dt. 20-03-2009. For accounts not falling within regulatory definition of MSME but within the new definition of SME : In terms of HOBC: 102/119 dt.19-09-2008.
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BOI Financial Results 30.06.2017

Press Release from IBA new

Integrity Pledge Count new

Public Notice for Unclaimed Dividend

List of Wilful Defaulters

With the implementation of Goods and Services Tax (GST), the existing service tax rate of 15% has been replaced by GST rate of 18% from July 1, 2017

All customers are requested to provide GSTIN to their branch alongwith supporting documents to claim input credit.

Annual Report 2017

We request our esteemed customers to urgently have their KYC details updated / corrected to avoid freezing of accounts new

MCLR w.e.f. 10.08.2017

Empanelment Of Sarfaesi Valuers

Details of unpaid / unclaimed Dividend

As part of FATCA/CRS requirements, all customers are requested to submit Declaration Form (For Individuals) / Declaration Form (For Entities) click to download with supporting documents to their Parent Branch immediately. Non-Compliance with this requirement may lead to freezing or closure of account as per guidelines.

Base Rate revised to 9.55% w.e.f 31.03.2017

List of Recovery Agents/ Enforcement Agents/Detective Agency of Lucknow Zone

Change of Registrar and Share Transfer Agent

Notice to CD Customers

Notice to Customers

Notice to SB Customers

ATM transactions for savings Bank A/c Customers

Notice for our DEMAT Account Holders

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