MSME Loan

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

    • 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 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:
  • 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.

Collateral Security/ Guarantee Cover
  • 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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