With CGTMSE Loans, you can finance your business with high LTV of up to 90% and long tenures of up to 15 years.
Finance your business with ICICI Bank’s Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Loans!
The Government of India and The Ministry of Micro, Small and Medium Enterprises have jointly launched a guarantee scheme to offer credit to micro and small enterprises. This guarantee is provided by a trust fund called the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), which is set up by the Government of India and SIDBI.
This is a hybrid security product where ICICI Bank offers a combination of secured and unsecured loans. Unsecured loan would be the part that is not covered by the collateral security. This loan is offered to Micro and Small Enterprises registered with Udyam or Udhyog Aadhaar. All entities except for educational institutes, agriculture, self-help groups and training institutes, are eligible to avail this guarantee backed loan.
LTV up to 90% allows the customer to avail a collateral free loan up to Rs 2 crore, for a tenure up to 15 years, over the base secured loan.
For details, give us a missed call on 9022499400.
Enhanced LTV Ratio: Loan to value up to 90%
Total Loan Amount: Loan Amount up to Rs 7 crore
Additional Unsecured Loan: Loan up to Rs 2 crore over the base loan
Long Tenure: Tenure up to 15 years
Property Type: Avail against residential or commercial property.
ICICI Bank offers a variety of products under the CGTMSE Loans portfolio. If you are an entity eligible for CGTMSE, you can apply for any of the products mentioned below:
For the collateral free portion of the loan (unsecured loan), the below annual guarantee fee would be applicable:
|Facility Amount||Annual Guarantee Fee (AGF) [% p.a.]*|
|Women, Micro Enterprises and Units covered in North East Region||Others|
|Above Rs 10 lakh and up to Rs 50 lakh||1.35%||1.50%|
|Above Rs 50 lakh and up to Rs 200 lakh||1.80%|
|Retail Trader (Above Rs 10 lakh and up to Rs 100 lakh)||2.00%|
|*Annual Guarantee Fee (AGF) would be charged on the guaranteed amount for the first year and on the outstanding amount for the remaining tenure of the credit facility.|
With the CGTMSE Loan you can avail
No, this product is only offered as a Term Loan. Overdraft facility is not allowed under this facility.
Terms and Conditions apply.
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