Karnataka Gramin Bank

Udyam Loan

  • Purpose
  • Eligibility
  • Margin
  • Repayment
  • Security

Purpose

Purpose

Purchase of Machinery OR Working Capital

Eligibility

Eligibility

  • Contractors, Engineers, CA, Surveyors, Lawyers, Journalists

Margin

Margin

15% to 25%

Repayment

Repayment

  • W/c for single transactions – 36 to 60 Months
  • W/c in the form of OD / OCC – Tenable for 1 Year
  • Term Loan : 5 to 7 Years

Security

Security

Up to Rs.25000/- Hypothecation of assets created out of loan
Over Rs.25000/- & Up to Rs.10 Lakhs Hypothecation of assets created out of loan CGTMSE coverage (Mandatory)
Over Rs.10Lakhs & Up to Rs.25 Lakhs Hypothecation of assets created out of loan
Co-obligation/guarantor
Collateral securities-EMT of NA land
Over Rs.25 Lakhs Hypothecation of assets created out of loan
Co-obligation/guarantor
Collateral securities like mortgage of immovable property (Non-Agriculture) /LIC Policies/KVP/NSC