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Subriddhi Loan

Subriddhi loan shall provide liquidity support to Banking Unit borrowers during active loan cycle which shall help our borrowers to sustain and grow their business. To develop a strong long term relationship with customers by understanding and meeting their financial requirements.

Eligibility Criteria

  • Existing MB borrowers who have 1 running Primary Loan (Suchana/Srishti/MEL/Samriddhi) are eligible for Subriddhi Loan.
  • This loan can be disbursed on or after 10th week of the disbursement of running Primary loan.

Loan Amount : Up to 50% of the disbursement amount of running primary loan

Rate of Interest : April 01, 2016 onwards, the lending rates on loan products will be with reference to MCLR. The current interest rate is 18.95% p.a.

Processing Fee :

  • Subriddhi Loans up to Rs.25000 – NIL
  • Subriddhi Loans above Rs.25000 – 1% of loan amount + Tax
Repayment : Monthly Instalment

Loan Tenure : 12 Months, 18 Months, 24 Months (3 options available)

For further detail, please contact our Banking Unit near you.