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oriental business loan scheme
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- oriental business loan scheme
- Bouquet of Loan Products
- Cotton Ginning Units
- Rice Shelling Units
- Loan Against Ware House Reciept
- Seed Processing Unit
- Agro Processing Unit
- Potato Seed Growers
- Green House Poly House
- MSME Plus
- MSME Doctor Plus
- MSME Vishesh
- MSME Tatkal
- MSME CDL
- General Credit Card (GCC)
- Commission Agents Arthiyas
- Oriental Uttam Vyapari
- Oriental Business Loan Scheme
- Oriental Mortgage Loan (OMLS)
- Beauty Parlours Boutiques Saloons Tailoring By Women
- Oriental Weaver Card
- Auto Taxi Scheme
- Pradhan Mantri Mudra Yojna(PMMY)
- Stand Up India Scheme
- Scheme for Financing Working Capital Requirement of Cold Storage
- Eligibility
Eligibility - Trading
- Manufacturing and Service Enterprises(Both priority & Non priority)
- Contractors /Commission agents
- Authorized Service Centre / Service Sector viz. Hotels, Guest Houses, Call centers etc.
- Loan to Professionals & self employed and borrowers covered under all priority sector schemes.
Purpose - Trading
- Manufacturing and Service Enterprises(Both Priority & Non priority)
- Contractors /Commission agents
- Authorized Service Centre / Service Sector viz. Hotels, Guest Houses, Call centers etc.
- Loan to Professionals & self employed and borrowers covered under all priority sector schemes
Purpose not Covered The loan shall not be granted for:
- Speculative prohibited by Law purpose.
- Real estate/capital market/ investment in or for giving loans to associate/group/sister concerns.
- Loans to Builders/ Property dealers/ Real estate agents
- Finance
Nature of facility - Overdraft limit for working capital purpose.
- Term Loan/Demand Loan.
- Non fund based limit.
Loan Limit Maximum loan upto ₹ 7500.00 Lacs (including fund and non fund based limits) as per prevailing Discretionary Power
MPBF Calculation - Assessment of Working Capital Finance 50% of the realizable value of the property* OR 20% of the estimated annual sales/income * Wherever the financial statement are available. However, if the party is not maintaining proper financial statement, such as commission Agents, Doctors, Professionals etc. then 4 times of annual income (subject to cash flow/repaying capacity)*.
- Assessment of Term loan: 50% of the realizable value of the property* OR 75% of the assets to be created out of term loan.*
*Whichever is less
Service Charges - Working capital- ₹ 100.00 per Lac +Service Tax, if any.
- Term / Demand loan - 0.50% upfront fee of Loan Amount + Service Tax
- Security and Margin
Primary Security - Mortgage (Registered or Equitable) of immoveable property(s)/ Factory Land & Building and / or any other property (Land & Building) standing in the name of Borrower/ individual/joint owners/ promoters, viz. Proprietor/ Partners/ Directors/close relatives (Viz. Spouse,Spouse’s parents, Father, Mother, Brother, Brother’s wife, sister, son, son’s wife, daughter) or business concern 100% owned by the owner / such close relatives who will also stand as Guarantors.
- Hypothecation of stock and Book Debts.
- Hypothecation of assets created out of Banks finance.
- Rate of Interest
ROI MCLR+2.25%. (Both TL & OD) loan up to ₹ 5.00 crore. However, above ₹5.00 crore shall be linked to rating and category/conventional category of advance.
Repayment Period - Overdraft: 12 months subject to annual review.
- Term Loan/Demand Loan: Maximum upto 84 months including moratorium period of maximum 3 months (depending on repayment capacity – Repayable on EMI basis
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