Eligibility
- MSMEs in Regulatory and Expanded.
- Borrower to exclusively to deal with BOB
Purpose
To provide hassle free credit for working capital (fund based and non-fund based) as also capital expenditure related to the business of the borrower within the overall composite limit sanctioned to the borrower.
Composite limit
4.5 times of borrower’s tangible net worth as per last audited Balance Sheet, or, Rs. 10.00 crores, whichever is lower.
Delivery of Product
By way of fund based (Short or Long term) or non-fund based facilities as per the requirements of the borrower, within the overall composite limit sanctioned to the borrower.
Period for TL
Maximum period up to 7 years
Margin
25% on all the facilities
Rate of Interest
Competitive Pricing linked to tenor based MCLR .