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LOAN-AGAINST-WAREHOUSE-RECEIPTS-CONTENT

Features

Federal Bank offers finance against Warehouse Receipts of Agricultural Commodities issued by State/Central Warehousing Corporations (SWCs/CWC) or approved Collateral Managers.

 

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Best suitable for short term fund needs.
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Loan amount up to 70 % of the value of goods pledged/covered by the warehouse receipt, upto maximum amount of Rs 25 crores.
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Minimal paperwork and hassle free processing
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No hidden charges or heavy penalties
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No collateral security needed
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Repayment can be done as Lump sum
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Loan can be availed as demand loan or cash credit
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Primary Security of the loan will be Pledge of warehouse receipts/Storage Receipts issued by State/Central Ware Housing Corporations or approved Collateral Managers
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Loan period will be up to 12 months

Eligibility

Who can apply?

Any person, firm, company engaged in lawful activity properly identified by the branch holding warehouse receipts (negotiable or non negotiable) issued by State/Central Warehousing Corporations (SWCs/CWC) or approved Collateral Managers.
 
Approved Collateral Managers include
  • National Bulk Handling Corporation (NBHC)
  • National Collateral Management Services  Ltd (NCML)
  • Edelweiss Agri Value Chain Ltd (formerly Edelweiss Integrated Commodity Management Ltd (EICML))
  • Staragri Warehousing & Collateral Management Ltd
  • Shree Shubham Logistics Ltd, LTC Commercial Co Pvt Ltd
  • Navjyoti Commodity Management Services Ltd)
 

How to avail the loan?

To avail the loan, Please visit any of our branches

Documents Required

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card). 
  • Recent Passport size photograph.
  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/Passport/Trade license /Sales Tax certificate).
  • Proof of Warehouse receipts

Rates & Interest

Please refer rates & charges page for details

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