Type of Loans: Term Loan
Purpose: On-lending to the customers of the HFCs in Affordable Housing segment.
Eligibility: HFCs should be in existence for a minimum 3 years as per audited financial statements HFCs should have booked profit in any 2 of the last three financial years and profit in the preceding financial year, as per audited financial statements. Should have credit rating (from RBI accredited credit rating agencies) and the rating should not be less than BBB minus (BBB-) Smaller unrated HFCs upto own book of INR 100 cr and which are operating in focus segments of NABSAMRUDDHI may be considered subject to certain conditions.
Security: Hypothecation of standard book debts as Primary security. Personal/ Corporate Guarantee as additional Security. Cash Collateral on case-to-case basis.
Rate of interest & Processing fee: Rate of interest & Processing fee is linked to the ALCO rate of Borrowing of NABSAMRUDDHI and as per the rate based on Internal Rating and risk premium.
Repayment period: Up to 5 years.
