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It is an EMI-based term loan. Zero collateral loans to SSI units (ZCL): Collateral-free product to facilitate Micro and Small Enterprises (as defined by RBI) Small business loan interest rates 2012
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To facilitate Technology Upgradation of Tiny and SSI units in the specified products/sub Term Loans sactioned under the CLCSS scheme are Collateral Free Loans:
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Business Loans (Small Scale Industries) ING Ltd offers loans of up to Rs 25 lakhs to SSI units under CGTSI at competitive interest rates without any collateral
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Dreaming of a business? Get a loan! admin . June 19, 2012. 0 Comments. 0. Photo In fact, for SSI loans, collateral is not required for up to Rs.25 lakhs.
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It's for Her Business: Loans (SSI) units and there is a there is upto 2% concessions and no collateral security for loans upto Rs.10 lacs and in case of SSI
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Banks may on the basis of good track record and financial position of the SSI units dispense with the requirement of collateral for loans SSI units graduating
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The benefit of collateral-free loans upto Rs. 5 lakh was later extended to all SSI units We therefore reiterate that banks may extend collateral-free loans
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