Unnati

Amount:

1. Max Rs.50 lakh for Professionals, Retail Traders, Small Businessman (Services) and Small Businessman (Manufacturing)

Basis:

 Working Capital: 20% of Gross Turnover for manufacturer and 15% for Traders & services
   Term Loan:
   (1) 5 times of Gross Cash Accruals (Average of last 3 years or latest audited Gross cash accruals) Or
   (2) 80% of cost of new asset to be purchased
         (1) or (2) whichever is lower

Rate of Interest:

1. Based on collateral security coverage
   75% or below : PLR- 3.75%
   Above 75% : PLR- 4.75%

1. Purchase of property Rate of interest :  PLR -4.75 %

Repayment:

1. Max: 7 years
2. Max moratorium period: 1 year

Security:

Shareholding:

1. 2.5% of facilities sanctioned, max. Rs.25,000

Processing fees:

1. 0.30% of sanctioned limit

Documentation:  

For loans upto Rs 2 lakh

1. Self attested financial statements
2. SETU certificate from SETU office
3. Bank statement of 6 months

1. CA certified latest financial statement
2. ITR of latest year
3. Bank statement of 6 months
4. Stock statement of 3 months

1. CA certified financial statements for atleast last 2 years
2. IT with computation of income for atleast last 2 years
3. Bank statement for 6 months
4. Documents for creating mortgage as per bank list
5. Self declaration for Asset -liability