MSME Loan
This loan facility is designed to provide a platform for small and medium sized enterprises to grow their business.

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- Applicants must be eligible to be categorized under MSME Segment (as per Government MSME Policy);
Applicants must be: - Formally registered with the Ministry of SMEs, Registrar of Companies or relevant Government body, or
- Must be willing to be formally registered with the relevant Government body (by which the bank may
facilitate formal registration as part of the application process), or; - Any other micro units as the bank may deem fit.
- Applicants must be eligible to be categorized under MSME Segment (as per Government MSME Policy);
- Applicants who operate in any economic sector;
- Applicants who have maintained an account with the Bank for a minimum period of 3 months or are able to
provide bank statements from another bank for a minimum period of 12 months; - Women entrepreneurs are encouraged to apply
The facility may either be;
- Overdraft/Cash Credit under Working Capital limit;
- Term Loan or Composite Loan (i.e., combination of term loan, working capital facility and non-fund-based facility)
- Discounting of bills/invoices.
Primary Security:
Collateral Security/ Guarantee Cover
- Working capital limit to be primarily secured by Lien/ Assignment/ Charge/ Hypothecation of Stocks & Receivables;
- Term Loan to be primarily secured by assets created out of the Bank Finance.
- Credit facilities up to k20,000/ collateral not insisted upon;
Up to K20,000:
- No customer margin required
- Cash credit/overdraft: Limit will be approved for one year, subject to annual review/renewal based on
satisfactory performance of the account; - Term Loan: Up to 60 months, inclusive of moratorium period.;
- Competitive Interest rates
- Available across all branch networks of the bank
- Flexible security alternative without insistence security in the traditional form of Land and Buildings
- Supports Working Capital and Project implementation
Terms and Conditions Apply
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