General Credit Card Loan (IDBI GCC) – IDBI Bank General Credit Card Loan (IDBI GCC)
Overview
IDBI GCC Loan is for all individuals engaged in Non-farm entrepreneurial activity.
The product details are as mentioned below:
Eligible Segments
All individuals engaged in Non-farm entrepreneurial activity.
Facility
Term Loan
Cash Credit
Purpose
To meet the credit requirement of borrowers.
Loan Amount
Minimum: Rs. 50,000/-
Maximum: Rs. 5,00,000/-
Tenor / Validity
Term Loan: Maximum 5 years
Cash Credit: 12 month, Repayment on demand
Pricing
Linked to Bank Base Rate.
Security
Cash Credit: Stock & book-debts & all assets created out of Bank loan.
Term Loan: Assets acquired out of Bank loan.
margin
Cash Credit: 25%
Term Loan: 25%