To provide working capital term loan finance to small traders/vendors.
25% of paid up stocks and book debts.
Primary: Hypothecation of stocks existing and to be purchased & Book debts.
Collateral: Upto 50,000 Nil.
Above 50,000 Third party guarantee of two persons of sound means.
5 years from first disbursement subject to review after every two years.
Applicable MCLR + 3.25% (Fixed).
Click here for rate of Interest