2023 2024 Student Forum > Management Forum > Entrance Exams

 
  #2  
15th December 2015, 11:10 AM
Super Moderator
 
Join Date: Apr 2013
Re: Bank of India CGTMSE Scheme

Hello, here I am providing you the details of the CGTMSE scheme offered by Bank of India as under:

Target Group
Micro & Small Enterprises in rural, semi urban, urban and metro branches

Type of Loan
Demand/Term Loan

Purpose
Purchase Plant & Machinery/Equipment/Other Moveable Assets.

Quantum of loans:
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/-

Interest rates:
Limit ROI
Upto Rs.50,000/- 10.20%
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

Processing fees:
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/-

Last edited by Kiran Chandar; 15th December 2015 at 11:12 AM.


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5. The time now is 06:56 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4