KVB MSME Term Loan

KVB MSME Term loan offers Short and Medium-term loans for various purposes such as an acquisition of fixed assets relating to business, augmentation of long-term funds, improvement in current ratio and so on. This loan serves the MSME sector greatly.

Features and Benefits
  • The nature of the facility is Short / Medium-Term Loan.
  • The purpose of the loan is the acquisition of fixed assets relating to business / augmentation of long term funds / improvement in current ratio / any other general business purposes. Financing of factory land alone will not be considered.
  • Term Loan (Single / Phased disbursement) facility is available in this loan.
Charges and Limits
Repayment Tenor 3 to 7 years depending on cash flows.
Margin 20% for Machinery; 40% for Building.
Security
  • Primary: Exclusive charge on entire fixed assets of the unit. Second charge on all current assets of the unit.
  • Collateral: EM charge on immovable assets with a minimum 75% of aggregate exposure. Alternatively, other tangible assets equivalent to a minimum 75% of aggregate exposure.
Guarantors Proprietor / Partners / Directors / Title holders of the property given as security and Husband of Lady guarantors / Proprietrix.
Interest Rate
  • The applicable Rate of Interest (ROI) is linked to the Credit Score / Rating.
  • For details please refer the section on Interest Rates.
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