For construction of unit’s building and purchase/installation of plant, machinery & equipments.
To meet the working capital requirement.
Finance for commercial vehicle or other vehicle in the name of the Unit.
OR
Takeover of existing credit facilities from other banks/FIs.
The scheme is available to cover credit facilities to all eligible MSEs (Manufacturing & Services)
Not Applicable
Rs.100.00Lakh
Nil to 25% depending upon type of credit facility.
Credit Facility in form of Demand/Term Loan/ Overdraft/ Bank Guarantee.
Repayment period of 84months for term loans and 12months for CC/OD/BG(subject to annual review).
NO Collateral security required for credit facility upto Rs.10.00Lakh with third party guarantee (mandatory)
No Processing charges for credit facility upto Rs.2.00Lakh.
No Pre-payment/Pre-closure Charges shall be levied if repaid from own sources or internal cash accruals.
Additional concession of 0.25% will be allowed to the women beneficiaries’ .
The Nainital Bank Limited,Head Office, Seven Oaks Building, Mallital, Nainital Uttarakhand - 263001
24/7 Support 1800 180 4031( Customer Grievance including e-channel)
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