PGB GST SUPERFAST LOAN SCHEME

1.	ELIGIBILITY	Business entities which are individuals, firms, companies, Limited Liability Partnership, co-operative societies, dealing in those business activities, which are not prohibited by law and filing GST returns for at least last 12 months.
2.	PURPOSE	To provide hassle free credit to meet working capital requirements related to business activity or for expansion of business.
3.	EXTENT OF LIMIT/ LOAN	Above ₹10.00 lakh to ₹200.00 lakh
4.	SECURITY	Primary – Hypothecation of assets created out of the Bank finance along with entire current assets and non-current assets (Present & Future) of the unit. Collateral – Advance shall be covered by collaterals in the form of Immovable property (IP) & Bank’s approved liquid security. Coverage under CGTMSE also available.
5.	MARGIN	Nil
6.	RATE OF INTEREST*	Starting from 8.50% p.a. *(linked to Repo Rate, subject to change from time to time)*
Subject to change from time to time For more information or any query related to the scheme, kindly visit your nearest PGB branch.*

Download Our mBanking App