Bassein Bank- Business-Loan

BUSINESS DEVELOPMENT LOAN

Business Development Loan
Professional Loan
COD Limit
ODCC Limit
Cash Credit Limit
Cash Credit Working Capital Limit
BCCB Assist WCTL
Machinery Loan
Purchase of Shop/Industrial Gala /Commercial Premises

Who can Borrow	Individuals/Proprietary concerns/firms /companies /Limited Liability Partnership As the scheme is only to cater to customers engaged in business/profession/trade, people who are running their own business/self employed/SSI registered units/MSME, Practicing Professionals/ Traders etc are eligible.
Purpose	For overcoming expenses incurred by borrowers engaged in business/profession/trade for acquisition of commercial premises [acquired on Pagdi/Lease Basis], renovation & repairs to be carried out at existing factory/commercial premises from wherein business is conducted, Purchase of Raw Material/ Machinery/Equipment’s, Payment to Sundry Creditors, Payment of Unsecured loans[as reflected in audited balance sheet], take-over of credit facilities availed for business purpose from other banks /FI/NBFC’s.
Security	Immovable Property such as flat/shop/Industrial Gala /land along with House/Row house/Land along with factory premises etc.having all requisite permissions from competent authorities owned by the proprietor /firm /partner /Co’s/director in personal capacity
Margin	40% [market value of the security offered].
Rate of Interest	10.25% p.a **
Repayment	Maximum 120 months
Processing Fees	As per our service charges applicable
Basic Documents	KYC documents of the Borrower & Guarantors ITR Returns along with Financial statements for the last 3 financial years of the Borrower /Partners/Directors /Guarantors etc, Business account statement for the last two years. Title Deeds of the property offered as security. Details of End use of the funds.

** Conditions Apply

Who can Borrow	Doctors, Chartered Accountants, Cost Accountant, Company Secretary, Architect.
Purpose	For purchase of Premises for business / renovation of premises, Machinery, New Software Technology, Working Capital
Limit	Purchase of Property : 75% of (AV inclusive of Stamp duty & Registration) Purchase of Machinery/Renovation : 75% of the Proforma Invoice /Quotation submitted
Security	Immovable Property Such as Premises/ Gala created from Loan amount and Machinery, Equipment etc to be purchased
Margin	25%
Rate Of Interest	8.25 % p.a **
Repayment	Maximum 120 Months
Processing Fees	As per our service charges applicable
Basic Documents	KYC documents of Borrowers and Guarantors. If Salaried: Salary Slips & Form 16 along with Salary A/c Statement for last o months. Business: Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year. Title Deeds of the property offered as security. Copy of Professional Qualification Certificate.

** Conditions Apply

Who can Borrow	Small Traders/Businessmen/Professionals/Self Employed Persons/individuals
Purpose	To meet working capital requirement
Limit	Rs.50,000/- upto Rs.10,00,000/- [Maximum]
Security	Pledge of Gold Jewellery with fineness of 22 ct. to 24 ct.
Margin	25 % of assessed value of Gold OR 20% of sales/income turnover whichever is lower, subject to maximum of Rs.10.00 Lacs.
Rate of Interest	8.75 % p.a
Repayment	Annual review
Processing Fees	As per our service charges applicable
Basic Documents	KYC documents of Borrowers and Guarantors. Salaried: Salary Slips & Form 16 along with Salary A/c Statement for last o months. Business: Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year. Commercial Activity Proof/ License/registration etc.

Note : :Loan shall not be granted for to be used for speculative purpose.

** Conditions Apply

Who can Borrow	Proprietorship concern/Partnership firm/ Limited Liability Partnership/Private Limited company
Purpose	To meet working capital requirement
Limit	20 % of the sales\turnover \projected turnover OR 60% of the Value of the property offered as security whichever is low.
Prime Security	Immovable property such as flat/shop/Industrial Gala /NA Land /land along with House/Row house/Land along with factory premises etc.
Margin	40 %
Rate of Interest	10.00% p.a.**
Repayment	Annual review
Processing Fees	As per our service charges applicable
Basic Documents	KYC related documents of the Borrower /Partners/ Directors & Guarantors . ITR along with Audited financial statements for last 3 years of the firm as well as individual capacity of the partners/directors for the last 3 years, along with Business account statement for last two years. Title Deeds of the property offered as security.

** Conditions Apply

Who can Borrow	Proprietorship concern/Partnership firm/ Limited Liability Partnership/Private Limited company
Purpose	To meet Working Capital requirement
Limit	20 % of the Sales\Account turnover /Projected Sales Turnover OR 75% of the Value of the property offered as security whichever is low.
Prime Security	Paid Stock & Bookdebts upto 90 days old only.
Collateral Security	Immovable property such as Flat/Shop/Industrial Gala /Land along with House /Row House/Land along with Factory premises etc. Assignment of LIC policies/NSCs (having substantial surrender value). Pledge of our bank’s Term Deposit Receipts.
Margin	For Stock-25%, For Bookdebts-40%
Rate of Interest	10.00% p.a**
Repayment	Annual review
Processing Fees	As per our service charges applicable
Basic Documents	KYC documents of the Firm, Co /proprietor/partners/ directors, also in their personal capacity. ITR along with Audited financial statements for last 3 years of the Borrower Firm/Co as well as Proprietor/Partners/Directors for the last 3 years, along with business account statement for the last 2 years. Title Deeds of the property offered as Collateral Security. Surrender value statement of LIC policies to be assigned /NSCs.

** Conditions Apply

Who can Borrow	Proprietorship concern/Partnership firm/ Limited Liability Partnership/Private Limited company
Purpose	To meet Working Capital requirement
Eligibility	CIBIL score of 700 and above. Field Verification mandatory and Branch Manager. Banking with BCCB for a minimum period of 1 year.
Limit	Max Limit= Rs. 25.00 lacs
Security	Stock statement = Stock + book debt. [Availability of Drawing Power] RD of 1% of the sanction limit under lien or Assignment of LIC Policy for loan amount sanction.
Margin	NIL
Rate of Interest	11.50%
Processing Fees	As per service charge circular
Basic Documents	KYC documents of the Firm, Co /proprietor/partners/ directors, also in their personal capacity. ITR along with Audited financial statements for last 3 years of the Borrower Firm/Co as well as Proprietor/Partners/Directors for the last 3 years, along with business account statement for the last 2 years. Surrender value statement of LIC policies to be assigned /NSCs.
Renewal	Yearly

** Conditions Apply

Who can Borrow	Proprietorship concern/Partnership firm/ Limited Liability Partnership/Private Limited company
Purpose	To meet the temporary liquidity mismatch arising due to COVID 19 Pandemic.
Eligibility	Existing borrowers already enjoying Working Capital limits with our bank.
Validity of scheme	Scheme will be in force upto 31.03.2022
Limit	Borrower can avail loan of Maximum upto Rs.150.00 Lacs as follows : For borrowers having total exposure upto Rs. 3.00 crores - 10% of total exposure For borrowers having total exposure above Rs. 3.00 crores - 10% of total exposure OR Rs. 150.00 lacs, whichever is lower. [The said facility will be considered as fund based exposure. All the RBI guidelines on Prudential norms shall be applicable.]
Security	Extension of Banks charge on the Primary as well as Collateral Security : Hypothecation of Paid Stock/Book debts (Residual Drawing power after providing for existing working capital limits) OR Hypothecation of Plant and Machinery (Residual WDV value after providing for existing limits) Stamp Undertaking/Mortgage of immovable property.
Margin	NIL
Rate of Interest	9.50 % p.a [Fixed].
Moratorium	Principle moratorium for first 12 months. Interest charged to be serviced regularly during moratorium.
Repayment	24 months (12 EMIs). Principle moratorium for first 12 months. Interest charged to be serviced regularly during moratorium. Thereafter repayment in 12 EMI’s
Processing Fees	NIL
Prepayment charges	Not Applicable
Documents other than basic documents	Sales /Purchase for the last financial year ended 31.03.2020. Audited Financials for the financial year ended on 31.03.2019 along with ITR. GST paid challans for the last financial year [atleast upto January’2020]. ITR along Financials of the partners/directors for the financial year ended on 31.03.2019. Request letter on firms letter head for the loan to be availed mentioning the specific requirement of the loan requested for [ e.g. Salary payments/administrative cost etc]. Provisional financial statement (If can be provided).

** Conditions Apply

Who can Borrow	Individual/ Company/Firm
Purpose	Commercial/ Second-hand Machinery
Limit	75 % of the Proforma Invoice /Quotation Incase of Second Hand Machinery---50% of the Agreement between the vendor or 50% of the Valuation whichever is lower.
Security	Hypothecation of Machinery
Margin	* 25% * 50%of Valuation (in case of second hand Machinery)
Repayment	* 60 months [Maximum :84 months]
Rate of Interest	8.75 % p.a. **
Processing Fees	As per our service charges applicable
Basic Documents	KYC documents of Borrowers and Guarantors. Income proof of the Borrower justifying repayment capacity. Incase of Business ITR along with Financial Statements for the last 3 years, Business account statement for the last one year. SSI Certificate Quotation from authorized dealer duly signed by both the parties.

** Conditions Apply

** For all the SSI Registered Units , wherein their investment in Plant & Machinery is upto Rs.500.00 Lacs , for the loans availed for purchase of new machinery upto Rs.100.00 Lacs, Subsidy under CLCSS ( Credit linked Capita Subsidy Scheme) of Central Govt of India is available. Under said subsidy scheme the borrower is eligible for subsidy upto 15% of total cost of machinery to be purchased , maximum to the tune of Rs.15.00 Lacs once in lifetime of unit. SSI certification as well as AADHAR of the Proprietor /Partners/Directors is compulsory for availing the benefit of the said scheme.

Who can Borrow	Individuals/Proprietary/Partnership firms/Private Limited Company/LLP.
Purpose	Purchase of Commercial Premises
Limit	75% of (AV+ Stamp duty & Registration )
Security	Immovable Property which is to be created from loan amount.
Margin	25%
Rate of Interest	8.75 % p.a **
Repayment	Maximum 84 Months (Can be relaxed upto 120 month on case to case basis)
Processing Fees	As per our service charges applicable
Basic Documents	KYC documents of Borrowers and Guarantors. Salaried: Salary Slips & Form 16 along with Salary A/c Statement for last o months. Business: Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year. Title Deeds of the property offered as security.

** Conditions Apply