{"id":245411,"date":"2023-01-07T15:18:06","date_gmt":"2023-01-07T09:48:06","guid":{"rendered":"https:\/\/suco.bank.in\/?page_id=245411"},"modified":"2023-01-07T15:28:59","modified_gmt":"2023-01-07T09:58:59","slug":"msme-gst-loan-scheme%ef%bf%bc","status":"publish","type":"page","link":"https:\/\/suco.bank.in\/kn\/msme-gst-loan-scheme%ef%bf%bc\/","title":{"rendered":"MSME &#8211; GST LOAN SCHEME\ufffc"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Hero&#8221; _builder_version=&#8221;4.17.3&#8243; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_stops=&#8221;rgba(9,31,77,0.28) 0%|rgba(234,50,54,0.39) 100%&#8221; background_color_gradient_overlays_image=&#8221;on&#8221; background_color_gradient_start=&#8221;rgba(9,31,77,0.28)&#8221; background_color_gradient_end=&#8221;rgba(234,50,54,0.39)&#8221; background_image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2023\/01\/Vachan-Clients-300-\u00d7-300-px-2.jpg&#8221; custom_padding=&#8221;|0px|120px|0px|false|false&#8221; bottom_divider_style=&#8221;asymmetric3&#8243; bottom_divider_color=&#8221;#ffffff&#8221; da_disable_devices=&#8221;off|off|off&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;2em&#8221; header_font=&#8221;||||||||&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.4em&#8221; background_layout=&#8221;dark&#8221; max_width=&#8221;600px&#8221; custom_margin=&#8221;||30px|&#8221; custom_margin_last_edited=&#8221;off|desktop&#8221; header_font_size_tablet=&#8221;30px&#8221; header_font_size_phone=&#8221;24px&#8221; header_font_size_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>MSME &#8211; GST LOAN SCHEME<\/h1>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;#loan-details&#8221; button_text=&#8221;view services&#8221; _builder_version=&#8221;4.16&#8243; custom_button=&#8221;on&#8221; button_text_size=&#8221;14px&#8221; button_text_color=&#8221;#ffffff&#8221; button_bg_color=&#8221;#003bde&#8221; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;4px&#8221; button_letter_spacing=&#8221;1px&#8221; button_font=&#8221;|||on|||||&#8221; background_layout=&#8221;dark&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;16px|40px|16px|40px|true|true&#8221; button_border_radius_hover=&#8221;4px&#8221; button_letter_spacing_hover=&#8221;1px&#8221; button_bg_color_hover=&#8221;#0053ef&#8221; global_colors_info=&#8221;{}&#8221; button_text_size__hover_enabled=&#8221;off&#8221; button_one_text_size__hover_enabled=&#8221;off&#8221; button_two_text_size__hover_enabled=&#8221;off&#8221; button_text_color__hover_enabled=&#8221;off&#8221; button_one_text_color__hover_enabled=&#8221;off&#8221; button_two_text_color__hover_enabled=&#8221;off&#8221; button_border_width__hover_enabled=&#8221;off&#8221; button_one_border_width__hover_enabled=&#8221;off&#8221; button_two_border_width__hover_enabled=&#8221;off&#8221; button_border_color__hover_enabled=&#8221;off&#8221; button_one_border_color__hover_enabled=&#8221;off&#8221; button_two_border_color__hover_enabled=&#8221;off&#8221; button_border_radius__hover_enabled=&#8221;on&#8221; button_border_radius__hover=&#8221;4px&#8221; button_one_border_radius__hover_enabled=&#8221;off&#8221; button_two_border_radius__hover_enabled=&#8221;off&#8221; button_letter_spacing__hover_enabled=&#8221;on&#8221; button_letter_spacing__hover=&#8221;1px&#8221; button_one_letter_spacing__hover_enabled=&#8221;off&#8221; button_two_letter_spacing__hover_enabled=&#8221;off&#8221; button_bg_color__hover_enabled=&#8221;on&#8221; button_bg_color__hover=&#8221;#0053ef&#8221; button_one_bg_color__hover_enabled=&#8221;off&#8221; button_two_bg_color__hover_enabled=&#8221;off&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||10px||false|false&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2023\/01\/Vachan-Clients-300-\u00d7-300-px-3.jpg&#8221; title_text=&#8221;Vachan Clients (300 \u00d7 300 px) (3)&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_css_main_element=&#8221;margin:auto;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; text_line_height=&#8221;2em&#8221; header_2_font=&#8221;Poppins|600|||||||&#8221; header_2_font_size=&#8221;30px&#8221; header_2_line_height=&#8221;1.2em&#8221; max_width=&#8221;700px&#8221; module_alignment=&#8221;left&#8221; header_2_font_size_tablet=&#8221;24px&#8221; header_2_font_size_phone=&#8221;18px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>MSME &#8211; GST LOAN SCHEME<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;2em&#8221; header_font=&#8221;Poppins|600|||||||&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.3em&#8221; text_font_size_tablet=&#8221;16px&#8221; text_font_size_phone=&#8221;14px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>We have devised a new Term Loan product to facilitate small &amp; medium traders who come under MSME category inorder to mitigate the financial need for their financial needs in the form of Term Loan. The scheme will come into operation from <strong>07.02.2022.<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Features&#8221; module_id=&#8221;loan-details&#8221; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0px||0px||true|false&#8221; da_disable_devices=&#8221;off|off|off&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.3em&#8221; header_2_font=&#8221;Poppins|600|||||||&#8221; header_2_font_size=&#8221;32px&#8221; header_2_line_height=&#8221;1.6em&#8221; module_alignment=&#8221;center&#8221; header_2_font_size_tablet=&#8221;24px&#8221; header_2_font_size_phone=&#8221;18px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Salient Feature of the Loan Product<\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.17.3&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_blurb title=&#8221;ELIGIBILITY &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Margin-Gold-Loan-GL.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>MSME Units engaged in trading\/service\/manufacturing activities irrespective of constitution.<\/li>\n<li>\u00a0The MSME unit\/borrower should have requisite registration under GST Act<\/li>\n<li>The MSME unit\/borrower should have GST returns for at least two years<\/li>\n<li>The facility under the scheme is available only under Sole Banking\/multiple banking but within the overall exposure of the Bank<\/li>\n<\/ul>\n<p>[\/et_pb_blurb][et_pb_blurb title=&#8221;QUANTUM OF FINANCE &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Insurance-of-stock-GL.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]Loan may be extended upto the maximum extent of Rs. 100 lakh. The maximum loan amount will be arrived @ 20% of the 125% of the average annual GST returns of the last 2 years, i.e. 0.25 of the average annual GST returns of the last 2 years.[\/et_pb_blurb][et_pb_blurb title=&#8221;PROCESSING FEE &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Prequisite-Conditions-GL.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]Processing fee shall be collected @ 0.50 % + GST of the loan amount before the disbursement of loan amount.[\/et_pb_blurb][et_pb_blurb title=&#8221;DOCUMENTATION &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/sanctioning-authority.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ol>\n<li>KYC documents<\/li>\n<li>Trading \/ Professional License<\/li>\n<li>GST statements for last 2 years<\/li>\n<li>Property documents for Legal Opinion \/ Scrutiny<\/li>\n<li>Balance sheet, P&amp;L and ITRs for the last 3 years.<\/li>\n<\/ol>\n<p>[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.17.3&#8243; custom_padding=&#8221;|||&#8221; custom_css_main_element=&#8221;margin:auto;&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_blurb title=&#8221;PURPOSE &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Storing-of-Goods-GL.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>To fund the working capital requirement for trading \/ services \/ manufacturing activities.<\/p>\n<p>[\/et_pb_blurb][et_pb_blurb title=&#8221;RATE OF INTEREST &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Period-of-loan.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]Rate of interest will be 9 % p.a. till 28.02.2022 and then 11% from 01.03.2022 onwards. Penal interest shall be collected @ 3% on overdue amount.[\/et_pb_blurb][et_pb_blurb title=&#8221;SECURITY &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/sanctioning-authority.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]Collateral security including Immovable residential \/ commercial \/ industrial properties having value upto the extent of 125% of loan amount. In the case of industrial properties the distress value will be taken for consideration.[\/et_pb_blurb][et_pb_blurb title=&#8221;LOAN REPAYMENT PERIOD &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/sanctioning-authority.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]Entire loan amount shall be repaid within 60 months from the date of sanction of loan.[\/et_pb_blurb][et_pb_blurb title=&#8221;OTHER TERMS &#038; CONDITIONS &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Period-of-loan.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>If the customer is already enjoying the credit facilities with other Banks \u201cNOC\u201d shall be obtained from the financier.<\/li>\n<li><strong>Customer Rating (CIBIL score)<\/strong>&#8211;\n<p>Customer rating shall be collected from 1 or 2 Credit Information Companies depending upon the loan limit as under.<\/p>\n<ul>\n<li>For loans less than Rs. 25 lakh &#8211;\u00a0 \u00a0 1 Company<\/li>\n<li>For loans above Rs. 25 lakh &#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2 Companies<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MSME &#8211; GST LOAN SCHEMEMSME &#8211; GST LOAN SCHEMEWe have devised a new Term Loan product to facilitate small &amp; medium traders who come under MSME category inorder to mitigate the financial need for their financial needs in the form of Term Loan. The scheme will come into operation from 07.02.2022.Salient Feature of the Loan [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"class_list":["post-245411","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/245411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/comments?post=245411"}],"version-history":[{"count":4,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/245411\/revisions"}],"predecessor-version":[{"id":245420,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/245411\/revisions\/245420"}],"wp:attachment":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/media?parent=245411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}