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Pre-Sanctioned CME Loan Limits for Strategic Segment customers
Most Important Terms and Conditions (MITC)
Pre-Sanctioned CME Loan Limits for Strategic Segment customers : Overview
Pre-sanctioned CME Loan Limits to meet CME finance requirement of Bank’s existing valued clients (MSME& Corporate).
The objective of the Scheme is to provide hassle free Standalone finance to Bank’s well rated borrowers engaged in construction & mining activity who require equipment finance on continued basis to execute work contracts
Pre-Sanctioned CME Loan Limits for Strategic Segment customers : Most Important Terms and Conditions (MITC)
Minimum Existing Exposure (Fund Based + Non Fund Based) should be Rs. 2.00 Cr and should be categorized as Strategic Customers
Minimum BOB - 4 for Corporate borrower and MSME BOB 5 for MSME Borrower
External Credit rating: i) MSME Borrower: ‘BBB’ and above. ii) Large Corporate: ‘A’ and above
- Borrower can avail loan as and when required within overall pre-sanctioned limit and need not go through the process of sanction / documentation every time for subsequent loan requirements
Up to Rs. 50 crores
Up to 5 years
Pre-Sanctioned CME Loan Limits for Strategic Segment customers : Interest Rates
- Concessional & Competitive Rate of Interest
- Concessional One Time Processing Fees
(For MSME’s interest rate is linked to the Repo Rate (BRLLR). Other enterprises interest rate is linked to yearly MCLR)
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