Corporate Site |
Hindi Marathi
[+] [-] | Skip to navigation | Skip to main content | screenreader Contrast Scheme : contrast
              1800 220 229 ,1800 103 1906,
              022 40919191
rect rect
yo You are here path  MSME path Facilities for SME Borrower path Star Udyami Samekit Loan  
MSME
 
Star Laghu Udyami Samekit Loan
 
Target Group Micro & Small Enterprises in rural, semi urban, urban and metro branches
Type of Loan Composite Loan in the Form of Demand/Term Loan
Purpose Investment and working capital requirements. This product will be offered to those Micro & Small Enterprises who require both working capital and term/demand loan.
Quantum of Loan
For units located in Maximum Amt of Loan
Rural Areas Rs.5,00,000/-
Semi-urban Areas Rs.10,00,000/-
Urban Areas Rs.50,00,000/-
Metro Areas Rs.100,00,000/-
Margin 15%
Rate of Interest

Note:
I-Term Loans under the scheme will not attract term Premium as approved by ED/26.07.2010 II-ROI is linked to Base Rate (Floating).
Limit RoI Remarks
Upto Rs.50,000/- 10.20% I-Concession of 0.50%
in ROI on account of
CGTMSE Guarantee
cover has already been
factored.
II-No other concession
including those meant
for Priyadarshini, SME
rating etc., will be
extended under the
scheme.
III-No further account
specific concession to
be considered.
Above Rs.50,000/-
upto Rs.5,00,000/-
11.20%
Above Rs.5,00,000/-
upto Rs.10,00,000/-
12.20%
Above Rs.10,00,000/-
upto Rs.100,00,000/-
12.95%
Repayment Loan is to be repaid in maximum 5 years with a moratorium of 3 to 6 months to be determined on the merits of each case.
Security
  1. Hypothecation of Assets created out of bank finance as well as existing unencumbered assets of the MSE unit.
  2. Equitable Mortgage of Land/ Land & Building which is part of the business activity such as business premises.
  3. Guarantee Cover under CGTMSE Guarantee Scheme.
No collateral security/third party guarantee to be obtained.
Processing Charges Limit Processing Charges
Upto Rs.1,00,000/- Rs.500/-
Above Rs.1,00,000/- upto Rs.5,00,000/- Rs.1,000/-
Above Rs.5,00,000/- upto Rs.10,00,000/- Rs.1,500/-
Above Rs.10,00,000/- upto Rs.50,00,000/- Rs.5,000/-
Above Rs.50,00,000/- upto Rs.100,00,000/- Rs.10,000/-
Documentation
  1. Demand Promissory Note.
  2. Deed of Hypothecation CHA 1/CHA 2 as the case may be..
  3. Installment Letter.
  4. Documents for fulfillment of KYC norms.
  5. Other connected documents applicable for Demand Loans as per extant guidelines.
  6. Equitable Mortgage as Primary Security wherever applicable.
Processing
  1. Simplified Application and Proposal Forms given in the annexure to be used.
  2. Turnaround time for sanction of limits upto Rs.5 lacs will be 5 working days and for limits above Rs.5 lacs, 7 working days after all relevant information is obtained.
Implementing Agency The scheme will be implemented directly by the Bank. No outside agency whether Government or otherwise will be involved in the implementation
Classification Advance under this scheme will be classified MSME advance with Sector Code 32, Scheme Code 209 and Special Category Code from 150 to 173 depending upon the original cost of investment in plant & machinery/ equipment. BSR Code will depend upon the activity.
 
 
Announcement        Start | Stop

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


Top
arrow
images © 2012 Bank of India. All rights reserved Site best viewed in resolution of 1024x768 ipv6 ready images
rect Ac Checker
Star Udyami Samekit Loan