Guaranteed Emergency

Credit Line Loan

Processing Fee   Nil

Interest Rate -   Start from 8% p.a.

Guaranteed Emergency Credit Line Loan

To meet the temporary liquidity mismatch due to disruption in business by Covid-19 pandemic involving payment of statutory dues, salary/ wages/ electricity bill, rent etc


  • Existing borrowers, in SAM-0 or SMA-1 category, with combined fund based outstanding loans across all Member Lending Institutions ( Banks/ NBFCs/ FIs ) upto Rs. 25 crores as on 29.02.2020 with an annual turnover of upto Rs. 100 crore in the previous financial year (2019-20) are eligible for GECL funding under the Scheme.

  • Photo identity and Address proof : As per RBI defined KYC guidelines.
  • Business Proof : Trade License/MOA & AOA/GST Registration/ITR, Partnership Deed etc. as per applicability.Trade License/MOA & AOA/GST Registration/Income Tax Retrun, Partnership Deed and other documents as per applicability.
  • Additional documents may be collected during the loan application process as per actual requirement.
  •  Key Features

    Rate of Interest

    8% p.a.


    Upto 36 Months

    Nature of Assistance

    Term Loan

    Upfront Fee



    • 100% credit guarantee cover will be available on principal and interest under GOI’s Emergency Credit Line Guarantee Scheme
    • Extension of charge on existing primary and/or collateral security.
    • Personal and corporate guarantee, if any

     Other Terms & conditions

    • If the unit has already availed Covid-19 Emergency funding from their existing working capital lender, the maximum eligible loan amount for NEDFi’s assistance shall be limited to the extent of funding gap available for the unit.
    • In case of consortium, NOC from other members to be sought for extension of charge on the existing security. In case, such NOC is not available on time, the borrower may be given option of providing collateral security to cover the new loan.

    Key Highlights

    Moratorium upto 12 months

    Interest Calculation on Reducing Balance

    Simplified Application Process