MSE 100

To meet Business requirements.
FACILITIES: Term Loan / Cash Credit / Non Fund Based facilities.

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Eligibility

  • Manufacturing Sector
    Micro Enterprises - Investment in Plant & Machinery does not exceed Rs. 25 lakhs

    Small Enterprises - Investment in Plant & Machinery is more than Rs. 25 Lakhs but does not exceed Rs. 5 Crs
  • Service Sector
    Micro Enterprises - Investment in Equipment does not exceed Rs. 10 lakhs

    Small Enterprises - Investment in Equipment is more than Rs.10 Lakhs but does not exceed Rs. 2 Crs
  • Applicant should be:
    1. Member of the Bank
    2. GST Registered
    3. Possess an Udyog Aadhaar Registration
    4. Established for a minimum period of Three years (evidenced by the submission of the last three years audited financials)
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Quantum

Manufacturing Sector: Rs 10 Crs

Service Sector: Rs 5 Crs

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Repayment Period

For Term Loans - Maximum 84 months (inclusive of moratorium if any)

For Cash Credit Facilities - On demand (Renewable every year)

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Security

  • Primary Security:
    For Term Loans - Hypothecation / Mortgage of Asset being financed
    For Cash Credit Facilities - Hypothecation of Stock and Book Debts and other Current Assets
  • Collateral Security:
    Mortgage Security Coverage of a minimum of 75%.
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Rate of Interest

  • Bank’s PLR with a maximum reduction of 200 bps
    (based on eligibility criteria)

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Sureties

  • Personal Guarantee - Partners of the firm / Directors of the Company

Processing Fees

  • 0.50% of the aggregate Limits subject to a cap of Rs. 1.00 lakh for Loans upto Rs. 5 crs and Rs. 5.00 lakhs for Loans above Rs. 5 crs.

Margin

  • For Term Loans - 25% of asset (purchase of which is being financed)
  • For Cash Credit Facilities - 20% on Eligible Stock and Book Debts

Other Benefits

  • 1. ‘NIL’ Payorder Charges upto a maximum of 15 payorders per year.
  • 2. ‘NIL’ NEFT & RTGS Charges to a maximum of 25 requests per month
  • 3. Staff Salary Accounts with ‘No Minimum Balance’ requirements, Free ATM cum Debit Card and IMPS facility for the staff of the Applicant Firm.

LOAN PRODUCTS

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Business Loan

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Scheme for Commercial Transporters

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Pragati Scheme

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Lease Rental Discounting

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Housing Loan

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Personal Vehicle Loan

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Surety/Consumer Loan

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Doctor Care

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Loan Against NSC / KV

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Loan Against Shares and Units of Mutual Funds

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Loan Against Bank Deposit

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Loan Against Insurance Policy

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Gold Loan

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Education Loan

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Travel Loan

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Reverse Mortgage Loan - Aashraya

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Loan Against Property

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Super Bike Loan

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MSE 100

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ccbl@citizencreditbank.com

Citizencredit Co-operative Bank Ltd.
CITIZENCREDIT CENTRE
CTS No:236, Marve Road, Orlem,
Malad (W), Mumbai 400064

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