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Particulars
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Scheme Details
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Name of the scheme
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SIB ZOOM
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Key features
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- Attractive Interest Rate
- Hassle free process
- Quick Sanction
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Business Vintage
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Minimum business vintage of 3 years.
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Age of promoters/
partners/directors
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Minimum age: 21 Years and allowed up to maximum 70 years
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Purpose
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For meeting working capital requirement of the business.
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Nature of finance
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Overdraft
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Quantum of Finance
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Rs.25 Lakhs to Rs.200 lakhs
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Processing fees
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Up to 1.00%
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Rate of Interest
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For borrowers with URC: REPO+2.85%=9.35%*
For borrowers without URC: REPO+3.05%=9.55%*
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Collateral requirement
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100% collateral in the form residential/commercial properties/Term deposit/Gold.
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| Documents required for assessment |
- KYC(as per constitution)
- Income statements(Last 3 years financial statements)
- Activity license
- Udyam Registration Certificate in case of MSMEs
- Property related documents
- Any other relevant document/s as required by the Bank
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*Subject to change based on change in REPO.