Purpose
Business needs of trading community
Loan Amount
Retail Traders - up to Rs 25 Lakhs
Wholesale Traders - up to Rs 50 Lakhs
Eligibility
Running in profit for the last 2-3 years.
Licensed as per local laws
Quantum of finance
Need based working capital requirement
Margin
40 % on current assets
Period
2 ½ years (Renewable) and the limit has to be reviewed annually
Rates & Charges
Please refer rates & charges page
Repayment
Lump sum after 2 ½ years
Security
Primary - Hypothecation of assets financed
Collateral - At least equal to the loan amount
Other Conditions
Insurance - To be insured for full value of stock but not less than 50 % of limit