National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

Tradewell

Tradewell

Target Group

Traders / Trading Enterprises with 3 years experience in the trade

Purpose

  • To meet working capital requirements
  • To purchase equipments for the trading concern

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

  • Minimum: Rs.0.10 Crores
  • Maximum: Term Loan: Rs.5.00 Crores
  •                       Working Capital: Secured Overdraft: Rs.2.00 Crores
  •                                                       Others : No Ceiling

Margin (Promoter’s Contribution)

Working Capital:

Stock and Book Debts : 15%

Term Loan:

25% on cost of equipments to be purchased.

Repayment Period

 Term Loan : Maximum 60 months (excluding moratorium period of 6 months)

Security

PRIMARY SECURITY:

Secured Overdraft limit upto Rs.0.50 Crores:

  • Immovable Property : with minimum value of 150% of loan amount (Margin:33.34%)
  • NSC / KVP etc.    : with minimum value of 112% of loan amount (Margin: 10%)

Secured Overdraft limit above Rs.0.50 Crores to Rs.2.00 Crores:

  • Immovable Property : with minimum value of 166.67% of loan amount (Margin:40%)
  • NSC / KVP etc.    : with minimum value of 133.34% of loan amount (Margin: 25%)

Open Cash Credit:

  • Stock and Book Debts

Term Loan:

  • Hypothecation of equipments purchased out of loan

COLLATERAL  SECURITY:

Secured Overdraft:   Stock and Book Debts

Open Cash and Term Loan:  Immovable property and / or other tangible security with minimum value equivalent to loan amount.

Service Charges

Please refer home page for service charges

Interest Rates

Please refer home page for latest interest rates.

( Last modified on May 20, 2019 at 04:05:29 PM )