MSME Loan definition

MSME Loan means a loan underwritten by Selected PFIs that meets the appropriate criteria set forth in the POM for the purposes of Parts A.2 and A.3 of the Project.
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MSME Loan means, individually, a loan from a Participating Financial Institution to a new borrower or an existing borrower of said Participating Financial Institution for the financing of an Activity in support of MSMEs operations, which meets the eligibility criteria and conditions set out in the Operational Manual for the issuance of a PCG under Part 1(b) of the Project, and “MSME Loans” means, collectively, more than one MSME Loan.
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Examples of MSME Loan in a sentence

  • The Company has strengthened its retail business vertical and MSME Loan book has grown by 3.86% to ` 2,04,660 Lakh having 12,578 customers (previous year ` 1,97,090 Lakh having 11,051 customers), the average ticket size was ` 16 Lakh.

  • All Branches are advised to acknowledge MSME Loan applications submitted manually and online maintain loan application Receipt/Reject Register.

  • It is focused on offering financing of MSME, Loan against property, commercial vehicles (HCV, LCV, MUV, SUV), Tractors, Two-wheelers, Personal and Business Loan.

  • Upon approval of an MSME guarantee, the ECPCGC will enter into Guarantee Agreements with PLs, while the selected MSME will enter into a related and concurrent MSME Loan Agreement (LA) with PLs.

  • Circular 21114 dated 12.08.2022)under “Project Wave” Bank has launched “Online Shishu MUDRA loan” on 15.08.2022 offeringInstant MSME Loan to existing pre-selected customers through end to end digital processing.

  • In the author’s opinion, the drilling method and the sampling are well in accordance with industry practice.

  • N-07.00844 dated 03-10-2018 under current RBI classification as NBFC –Non Deposit Non Systemically Important Company (NBFC-ND-NSI) with more than 5 years of experience in asset finance business.It is focused on offering financing of MSME, Loan against property.

  • This will be applicable for Union Personal, Union Miles, MSME Loan (Non Mortgage) in 7 states of Delhi, Rajasthan, Uttar Pradesh, Jharkhand, Tamilnadu, Karnataka, Puducherry.

  • The General Manager, Recovery Department Indian Overseas Bank, Central Office, 763 Anna Salai, Chennai-2 in a sealed cover mentioning at the cover “BID FOR Sale of (i) Education Loan NPAs and (ii) NPA MSME Loan Accounts with O/s upto Rs. 10Cr (excluding accounts covered under CGTMSE) On Portfolio Basis during Q4 FY2017-18 : SALE TO ARC” to reach by or before 17.03.2018.

  • Introduction of Loan Sales Force (Home Loan Sales team, Retail Loan Sales team, MSME Loan Sales team & Corporate Loan Sales Team), has resulted into significant growth in the bank's Retail and MSME portfolio.

Related to MSME Loan

  • Prime Loan means any Loan when and to the extent that the interest rate therefor is determined by reference to the Prime Rate.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Commercial loan means a loan that is not made primarily for

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • Money Market Loan means a Money Market LIBOR Loan or a Money Market Absolute Rate Loan.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Jumbo Loan means a Mortgage Loan (other than a Conforming Loan) that (1) is underwritten by an Approved Investor (other than Xxxxxx Xxx, Xxxxxxx Mac or Xxxxxx Mae), (2) matches all applicable requirements for purchase under the requirements of a Take-Out Commitment issued for the purchase of such Mortgage Loan, (3) differs from a Conforming Loan solely because the principal amount of such Mortgage Loan exceeds the limit set for Conforming Loans by Xxxxxx Xxx or Xxxxxxx Mac from time to time, and (4) is a First Lien Mortgage Loan.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.