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NEW BANK LOANS SCHEME FOR MSME &TRADING UNITS

Banks have come out with 20% Collateral Free Loan scheme. Highlights of the same are:

1. Loan amount will be 20% of outstanding balance as on 29th Feb 2020
2. Both Term Loan & CC shall be treated to calculate outstanding balance as on 29th Feb 2020
3. ROI will be 7.8% for SBI & 7.65% for PNB
4. No guarantee fee, no processing or documentation charges.

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