IB Tradewell
| Loan Criteria | Details |
|---|---|
| Target Group | Traders with minimum one year experience with good standing in the market. |
| Purpose |
|
| Nature of Facility |
Working Capital: Open Cash Credit, Secured Overdraft, Bank Guarantee, Letter of Credit, Bills Discounting etc. Term Loan for purchase of equipments etc |
| Amount of Loan |
|
| Margin (Promoter’s Contribution) | Working Capital:
Stock and Book Debts : 25% and 30% Term Loan: 25% on cost of equipments to be purchased. Secured OD: Upto Rs.0.50 Crores – 33% on Immovable property. Our Bank Deposits / NSC – 10% Above Rs.0.50 Crores & upto Rs.2.00 Crores – 40% on Immovable property Our Bank Deposits / NSC – 25% Government Securities – 20% |
| Repayment Period | Term Loan : Maximum 84 months (excluding holiday period of 6 months) |
| Security | PRIMARY SECURITY:
Secured OD : EM of properties Other Tangible Security i.e. Our Bank Deposits / NSC etc. OCC : Hypothecation of Stocks and Book Debts upto 90 days TL – Machine / Bldg – Hypothecation / EM of assets created out of the term loan. For NFB: Portion uncovered with cash margin shall be covered with realizable sale value of EM property / liquid securities. Open Cash Credit:
Term Loan:
COLLATERAL SECURITY: Secured OD : Hypothecation of stocks & book debts equal to the limit sanctioned. Others : Immovable property (Primary + Collateral) and / or liquid security value should be at least 50% of the limit sanctioned. |
| Service Charges | Please refer home page for service charges.
Processing charges: 50% concession. |
| Interest Rates | Please refer home page for latest interest rates. |
