Small Scale Industrial Loan

BDB provides timely long term financial assistance for setting up of new manufacturing units & service industries in the sectors of hospitality, entertainment, education, IT, tourism or for expansion of existing units/industries at attractive rate of interest.

QUANTUM

75% of the total project cost or (70%) below 50 million or (60%) above 50 million of the collateral value whichever is lower.

TENURE

5 Years Maximum

FLOATING RATE

Small Scale Industrial Loan: 10.00%

Eligibility

  • All individuals/companies engaged in any type of manufacturing/service-related activity or units having satisfactory operational record/ history and have complete financial statements are eligible for this kind of loan.

Documents Required

  • Application form duly filled in and signed on all the pages (Full Signature).
  • Copy of valid Citizenship Identity (CID) of both the applicant and the guarantor as applicable.
  • One recent Pass Port size photograph of the applicant.
  • Estimate of income and expenditure to be submitted.
  • Copy of Work Order supported by relevant pages of the agreement
  • Letter of Undertaking from awarding agencies for routing of RA Bill payment through bank.
  • Copy of valid contract license.
  • Ownership certificate(s) of the collateral security offered to bank.
  • Consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
  • For family owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
  • Valid insurance copy of the collateral securities charged in case of buildings.

 

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