CBI offers ₹50 crore loans

Cent Engineering lists a minimum sanction quantum of Rs.11 lakh and an advertised interest band of 7.75%–8.45% for working-capital and term-facility structures. (centralbank.bank.in)) Term loans under the product are repayable in a maximum of 120 equal monthly instalments and allow a moratorium up to 24 months with a possible additional 3-month moratorium post‑DCCO in justified cases. (centralbank.bank.in)) Primary security is defined as assets created out of bank finance and collateral must include SARFAESI‑compliant immovable property with a realisable value of at least 30% of the loan amount. (centralbank.bank.in)) The scheme explicitly covers auto‑part manufacturing, forging, casting and related engineering units, and offers CGTMSE guarantee coverage up to Rs.5.00 crore with stricter vintage and CIBIL conditions for higher-ticket loans. (centralbank.bank.in)) Working‑capital mechanics specify a 25% margin on CC/OD, DP against book‑debts capped at 60% with book‑debts aged up to 90 days eligible for DP, and 25% margin requirements on LC/BG facilities. (centralbank.bank.in)) By comparison, large Indian banks maintain different quanta and rate profiles: State Bank of India publishes SME/business lines stretching into the hundreds of crores with retail SME rates typically quoted from around 8.00%+, while HDFC’s business loan rack shows starting rates near 10.75%, placing Central Bank’s 7.75%–8.45% band toward the low end of advertised business‑loan pricing. (bankbazaar.com)) Operational and credit‑policy contrasts are explicit in the product: Central Bank retains CIC/CIBIL checks (consumer CIC minimum 750) and exclusive‑banking conditions, whereas other lenders such as SBI have launched digital SME products that waive financial statements for loans up to Rs.50 lakh and rely on transaction/GST history for underwriting. (centralbank.bank.in)) Technology vendors already selling into equipment, floorplan and ABL workflows point to concrete deployment outcomes that can accelerate similar product rollouts: Solifi’s Document Intelligence claims up to a 70% reduction in document‑verification time, and Solifi CALMS implementations (Centennial Bank, Hitachi Capital, Sumitomo Mitsui) plus recent ABL upgrades (Access Capital) show lenders moving floorplan and ABL operations onto purpose‑built platforms in measured delivery windows. (prnewswire.com))