To provide hassle free working capital finance to the borrowers under trade and services sector.

    • Cash Credit, Overdraft, Non Fund Based facilities.
    • Dropline Limit on the request of the borrower.

Maximum :  Rs.10.00 crores (Ten Crores only) including both Fund Based & Non-Fund Based facilities. 

 

  • On Fresh Sanction
    • Upto Rs.20000/-                                  :           NIL
    • Rs.20000/- Upto Rs.2.00 Lakh           :           0.15% of the loan amount Plus applicable GST subject to minimum of Rs.300/-
    • Above Rs.2.00 Lakh               :           0.25%
  • On Renewal
    • Upto Rs.5.00 Lakh                 :           NIL
    • Above Rs.5.00 Lakh               :           0.10% of the limit Plus GST Maximum Rs.2.50 Lakh

 

  • Existing customers and new connections/takeovers.
  • Individuals, firms, business establishments including high volume retail/wholesale traders, commission agents etc.
  • Professional & Self Employed Persons including medical practitioners, contractors etc.

 

Primary:

  • Hypothecation of stocks and /or
  • Hypothecation of book debts / receivables.

Collateral:

  • Mortgage of property, registered or equitable, depending upon the title of the property as verified by the Law department of the bank with security cover ranging from minimum 133 % to 125%.

Guarantee:

  • Personal guarantee/ies of the mortgagor of property/ies in case mortgagor is other than the borrower.
  • Personal guarantee of promoter directors of the company in case of companies.
  • Personal Guarantee of partners of firm in case of partnership concerns.

RLLR+2.00% Floating

Click here for rate of Interest

  • (Interest rates in the existing accounts may be aligned with new interest rates on renewal/review.)

NOTE : A concession of 0.25% : For borrowers having satisfactory dealings with the bank for the last more than 3 years and track record of net profit earning for the last 2 years.
A concession of 0.50% : For senior borrowers having satisfactory dealings with the bank for the last more than 5 years and track record of net profit earning for the last 3 years.