| Amount of Loan | Working Capital (FB & NFB) : Rs. 5 Crores. Term Loan (max) : Rs. 1 Crore. |
| Processing fee | Working capital:
Upto Rs. 25000 Priority – nil, Non priority–Rs.300
Above Rs.25000 upto Rs.5 lakhs 0.30% with min. of Rs.300
Above Rs. 5 lakhs upto Rs.1 crores 0.28 % with min. of Rs.1500/-
Above Rs. 1 crore : 0.23% with min. of Rs.28,000/-
Term Loans: Processing charges @ 1.15% as upfront fee to be recovered at the time of sanction inclusive of service tax. |
| Interest Rates | **Working Capital ==> Rateing A and above --Base rate +3.50%,rating BBB --Base rate+4.50% ;
**Term Loan ==> Rating A and above --Base rate +4.00%,Rating BBB --Base rate + 5.00% |
| Repayment | Working capital : Renewal every 1 year.
Term Loan: Maximum 60 months (excluding holiday period of 6 months) with minimum DSCR 1.50. |
| Security | 1)OCC Limit upto Rs.5 crs
Primary : Stocks & Book debts (upto 90 days) with 15% Margin.
Collateral : Immovable property and or other tangible security value should be minimum of 100% of the limit sanctioned.
2)Secured overdraft upto Rs.1.00 cr:
Primary : Immovable property : 50% on market value. Other tangible security : as per existing Bank norms. i.e. IVP/KVP/NSC - 25%, Govt Securities : 20%. Other securities as per Bank norms.
Collateral: Stocks & Book debts equal to the limit sanctioned
3)Term Loan : Margin at 25 % on the equipments value |
| Salient Features | A Scheme for Wholesalers and Retailers to meet the following purposes: to meet the working capital needs of trading activities and to meet the term loan requirements for purchase / setting up infrastructure like hoarding, show cases, basic offices, amenities, purchase of delivery van etc.
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| * BPLR and BASE RATE - Available in Home Page | |
