Working Capital [Hypothecation]

 

Particulars

Purpose

For working capital requirement

Type of Facilities

Manufacturing Units, Traders, Service Providers

Limit

Against Stock – Up to 70%

Margin

Against Stock – 30%

Repayment Period

Renew of the limit every three year.

Rate of interest

  • Loan Amount Up to 5,00,000 --- 12.00%
  • Loan Amount between Rs. 5,00,001 to 49,99,999 --- 11.00%
  • Loan Amount Above Rs. 50,00,000 --- 10.75%

Processing fee

Nil

Share linking

2.5% of the the loan amount

Guarantee

Two guarantors possessing the property & also the Income Tax payer.

Security

Hypothecation of Stock of Goods, Warehousing Receipt & Collateral Security in the form of Mortgage of Immovable Property if required .

 

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