||For working capital requirements and for acquiring premises or furniture/show cases and office equipment.
||Individuals /Partnership firms, consumer co-operative stores engaged primarily in buying and selling of goods
||Quantum of Advance
||Minimum – No Limit
Maximum – Rs.100.00 lakh
||Upto 25%* of Unit cost evidenced by Bills/Quotations
||Rate of Interest
||12.50% (Up to Rs.50,000/-) & 13.50% (Above Rs.50,000/-)
||60 to 84 Equated monthly instalments
|Upto Rs.10.00 lakh
||1.50% of loan amount with a minimum of Rs.500
|Above Rs.10.00 lakh to Rs.50.00 lakh
||Rs.15000 + 1% of loan amount above Rs.10lakh
|Above Rs.50.00 lakh to Rs.100.00 lakh
||Rs.55000 + 0.75% of loan amount above Rs.50lakh
||Total loan amount along with applicant’s margin will be paid directly to the
supplier through DD/Pay Order/NEFT as per Quotation submitted.
||Sufficient third part guarantee with worth not less than 150% of loan amount
shall be obtained if loan amount exceeds Rs.50000/-
||2.00% over & above exisiting ROI
||Collateral security 150% of bank loan amount by way of liquid assets or
immovable property where the bank loan amount exceeds Rs.1.00 lakh
||Comprehensive insurance of the primary/collateral Security with bank clause
should be obtained.
*Terms and Conditions apply.