Mortgage loans (MBL/LAP):
CFSPL extends loans against Property (Mortgage Business Loan/Loan against property) for expansion & improvement of their business. This facility is offered to serve the requirements of the small business across all sectors of economy like, all kinds of shops (general, kirana, hardware, cloth/readymade, shoe, pharmacy etc.) small enterprises based out of home/cottage (power loom, auto loan, handloom, snacks making, pickle/papad/jelly making etc.) services (hotel/tea/bakery, welding, engineering works, etc.) and non-farm enterprises (dairy, agri processing etc).
| Kind of Loan |
Business Mortgage Loan |
| Rate of Interest |
Reducing Balance 18% to 26% |
| Tenure |
12 to 84 Months |
| Ticket Size |
Min 2 Lakhs and Max 50 Lakhs |
Small Business Segment (Unsecured Business Loan):
It extends loans for Business segment like business expansion, new business start-up, and working capital requirements etc., for a period of up to 2 years. The purpose of this loan is to serve the small business, self-employed segment like traders (all kinds of shop), manufactures (small manufacturing industries, mills etc) and services (hotel industry, garages, etc.) requiring larger amount for the betterment of their enterprise through capital expenditure and/or operational/working capital expenditure.
| Kind of Loan |
Small Business Loan |
| Rate of Interest |
20% to 26% (Reducing Balance) |
| Tenure |
12 to 24 Months |
| Ticket Size |
Up to 3 Lacs |
