Cent Engineering

Purpose: Any Lawful Manufacturing units mainly covering forging and casting, auto-part manufacturing, engineering tools, metal extrusion (aluminium, copper etc.), CNC-machine manufacturing, metallurgy, brass, rolling and re-rolling mills, rare earth mineral extraction and all other activities related to engineering works not covered above.

Eligibility:

All existing and new MSME units – Individuals, Proprietary concerns, Partnership firms, LLP and Companies having UDYAM Certificate and registered under GST wherever applicable.

The unit must be engaged in the activity of manufacturing machineries & electrical equipment, vehicle parts and transport equipment, forging & casting and all type of metal product etc., Under Sole Banking arrangements.

Nature of Facility:

1. Working Capital
2. Term Loan.
3. Non-fund-based limit LC/BG

Quantum of finance:

                                Minimum – Rs.11 lakh

                                Maximum – Rs.50 Crore

Interest Rate: Attractive and competitive Interest.

 (7.75% to 8.45%)                

Margin:

1. 25% margin on WC(CC/OD) & TL
2. DP against Book Debts should not be more than 60% of WC limit.
3. Book Debts up to 90 days only will be considered for DP.
4. 25% margin on BG
5. 25% margin on LC.

Repayment:

1. Working Capital (CC/OD) for one year, subject to annual renewal.
2. Term loan is repayable in Maximum 120 equal monthly instalments (including moratorium).
3. For loans up to 7.50 Crore:

1. Maximum moratorium period 24 months or up to DCCO only.

4. For loans above 7.50 Crore:

a. Maximum moratorium period 24 months or up to DCCO only. Max 3 months moratorium may be allowed post achievement of DCCO wherever justified subjected to total moratorium period 24 months.

5. Interest to be serviced during the moratorium period also as and when charged
6. Repayment capacity is based on DSCR irrespective of loan amount.
7. No loan should be outstanding with other Bank /FI.

Security: -

Primary Security: -

1. Assets created out of bank finance.

Collateral Security:

1. SARFAESI compliant immovable property with realisable value of at least 30% of loan amount. If the land and buildings are owned by the borrower and not part of project cost, the same can be considered as collateral security.

CGTMSE Coverage

• Up to Rs. 5.00 Crore – CGTMSE shall be extended loan up to Rs. 5.00 Crore
• Above 5 Crore and up to Rs. 10.00 Crore subject to following:

1. Business Vintage – Min. 1 Years. (Existence of units.)
2. Commercial CIC - Max. DPD can be allowed up to 30 Days throughout the credit cycle.
3. Consumer CIC - Min. 750 of Borrower /Partners/ Directors/Guarantors, no further relaxation at any level.
4. One CIC report from CIBIL is mandatory for Consumer & Commercial.
5. Exclusive Finance & dealing with our Bank.
6. Unit or Residence to be owned by borrower/Partners/Directors/close relative of the borrower. Close relative of the borrower as per Master Credit Policy 2025-26.
7. Where unit is owned by borrower/ partner/Director & not on a lease premises then unit mandatorily to be mortgaged.
8. Allowed for Manufacturing units where Primary security is created in the form of Land, Building and Machinery.
9. Hybrid Model is allowed.