Working Capital Loan
Purpose
For Meeting Working Capital requirement.
Eligibility
Manufacturing Unit/Traders/Service providers.
Limit of Loan
Against Stock, Against Book Debt, Against Property.
Margin
Against Stock-40%, Against Book Debt- 50%, Against Property – 40%.
Repayment Period
Renew of the limit every year.
Rate of Interest
Processing fees
NIL
Shareholding/ Membership Contribution
2.50% of loan amount for limits of Rs.1.00 lac and above.
Security
Hypothecation of Stock, Book Debt, Mortgage of immovable property.
Guarantors
Minimum 2
Documentation
- Duly filled prescribed application form
- KYC of Proprietor, partners of partnership firm & Company directors
- KYC of Proprietor / Partners / Company Director.
- Last 3 years Profit & Balance sheet Audited or Unaudited
- * Conditions Apply - Please visit our branch for complete terms and conditions