|
Particulars |
Purpose |
For working capital requirement |
Type of Facilities |
Manufacturing Units, Traders, Service Providers |
Limit |
Against Stock – 70% |
Margin |
Against Stock – 30% |
Repayment Period |
Renew of the limit every three year. |
Rate of interest |
10.50%
|
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 Secuirty in the form of Mortgage of Immovable Property if required . |