Obtaining guarantee cover:After sanctioning the loan, the lender's due diligence is to apply for the guarantee cover. Once it’s approved, you must settle the guarantee fee and service charges. To avail of coverage for their loan under the credit guarantee fund scheme, you must pay an extr...
Get a section for a bank loan – A sanction means that the bank is interested to fund your business or project with either a term loan or working capital facilities. Bank will apply for CGTMSE –Once your loan is sanctioned by the bank, it will apply for CGTMSE from the relevant organi...
Lower guarantee fee: The one-time payment made by the borrower under the scheme is charged at a low rate - typically 1.50% annually based on the outstanding balance. This reduces the overall cost of borrowing. Easy repayment terms and no pre-payment penalties: Provides borrowers with greater ...
Lower guarantee fee: The one-time payment made by the borrower under the scheme is charged at a low rate - typically 1.50% annually based on the outstanding balance. This reduces the overall cost of borrowing. Easy repayment terms and no pre-payment penalties: Provides borrowers with greater ...
Get a section for a bank loan – A sanction means that the bank is interested to fund your business or project with either a term loan or working capital facilities. Bank will apply for CGTMSE –Once your loan is sanctioned by the bank, it will apply for CGTMSE from the relevant organi...