KB SUVIDHA MSME LOAN
| This loan scheme is for those whose income is directly or indirectly from the manufacturing sectors, contractors, entrepreneurs in agriculture, MSME & Tourism sectors, Hotel & Restaurant owners, Operators of equipments for land development or its owners, agricultural / building contractors & who cannot submit Income Tax Return / Form 16 / Salary Slip even though they have repayment capacity. | |
| Purpose | For any legitimate purpose only (The facility not be allowed for Real Estate purposes/Speculative business) |
| Loan limit | Maximum of Rs. 5 lakhs only. (Rs. 2 lakh for bus owners & small traders). |
| Repayment period | Maximum 120 months in equated monthly installments (EMI) |
| Age | Minimum age of 21 years and under any circumstances the repayment period should not exceed the day on which the applicant attains age of 70 years |
| Nature of Loan | Term Loan / Working Capital |
| Eligibility | Individuals only |