Trade and Commerce is back bone of any Economy. Any project needs certain amount of Fixed Assets and certain amount of Working Capital.
Availability of Working Capital Finance for development of Trade and Commerce is well recognized by all Banks. Our Bank has vast clientele who have been granted Working Capital Finance against Stock, Book Debt, Property, Pledge. Join hands and enjoy banking with us. Below are the details of the scheme.
Loan For :
Meeting the Working Capital requirements
Pledge facility for Agro products
Agro & Rice Mill borrowers can obtain this loan.
Loan Amount :
Against Stock – 70 %
Against Book Debts – 60 %
Against Property – 60 %
Against Pledge – 75 %
Margin :
Against Stock – 30 %
Against Book Debts – 40 %
Against Property – 40 %
Against Pledge – 25 %
Tenure : Max. 1 year.
Renewal facility available every year
Share Linking :
Upto loan amount is above Rs. 200 Lakh – 1% of the the loan amount (Max. – Rs. 2.00 Lakh)
Guarantee :
Two guarantors possessing the property & also the Income Tax payer.
Security :
Hypothecation of Stock, Book Debt, Pledge of Goods, Warehousing Receipt & Collateral Security in the form of Mortgage of Immovable Property
