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laghu udhami credit card oriental business card

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  • laghu udhami credit card oriental business card
  • Eligibility
    Eligibility Persons engaged in activities like small business units, retail traders, artisans, village industries, small scale units, professional and self employed persons etc.
  • Finance
    Amount of loan Maximum loan up to ₹ 10.00 lakh per borrowal account.
  • Security and Margin
    Security
    Upto ₹ 25000 Hypothecation of assets created out of bank funds
    Above ₹25000 upto ₹ 10.00 lakh Primary security:

    Hypothecation of assets created out of bank funds

    Collateral Security:

    No collateral Security is to be obtained. However, cover under CGTMSE must be obtained.

    Margin 10%
  • Rate of Interest and Validity of Card
    Rate of Interest As applicable to Micro, Small and Medium Enterprises (MSME).
    Validity of Card Valid for 3 years. However, account will be reviewed on yearly basis.
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