KVB Micro Plus
KVB Micro plus is an exclusive product for Microenterprises. Both the manufacturing and service enterprise can be considered under the product.
Features and Benefits
- Exclusive product for Microenterprises.
- Both manufacturing and service enterprises can be considered under the product.
- Specific assessment method to assess the credit requirements irrespective of the nature of business / sector to address the increased credit demand on account of growth stage financing.
- Attractive Pricing.
Charges and Limits
| Purpose | Working capital facilities as overdraft or as Short-term loan. Combination of Overdraft and Short-term loan are also available. |
| Eligibility | Entities with minimum one year of profitable operations are eligible. |
| Limit | Loan amount – Rs. 10 Lakhs to Rs. 150 Lakhs. |
| Financial limit | Entities which are not in a position to maintain audited financial statements due to their scale of operations but paying tax on presumptive basis (turn over up to Rs. 100 Lakhs or those professionals/service providers whose gross income does not cross Rs. 50 Lakhs) a limit of up to Rs. 30 Lakhs can be considered without audited financials. |
| Security Coverage | Security coverage required is 125% in case of immovable properties and 100% in case of liquid securities. |
Interest Rate
- The applicable Rate of Interest (ROI) is linked to the Credit Score / Rating.
- For details please refer the section on Interest Rates.
