Features
- Short Term Credit/Working Capital Loan for procurement of stock
- Your stock becomes your collateral – no need for secondary collateral
- Easier loans ranging from Rs 10 lakh to Rs 20 cr. compared to conventional financing
- Finance customised as per your individual business cycle
- Get a steady source of Working Capital at minimal cost
- Allows businesses to stack inventory as per requirement
- Flexible Trench Tenor depending upon working capital cycle
- Support for seasonal requirement
- Flexibility of repayment with part and prepayment options
| 1 | Parameter | Description |
|---|---|---|
| 2 | Loan amount | Rs. 10 Lacs to Rs. 20 Cr. |
| 3 | Loan Tenure | 12 months (Annually Renewable) |
| 4 | Trench Tenure | 60-90 days (Average) |
| 5 | Loan Borrowers (Ordinary Resident) | Pvt , Public Ltd Companies / Partnership Firms / Proprietorship firms/LLP |
| 6 | Age of Borrower (Individuals ) | Minimum : 21 years on Loan application Maximum: 65 years on Loan maturity |
| 7 | Repayment mode | Repayment on “pay-as-sold” basis/before tranche expiry, whichever is earlier-by way of Cheque/RTGS/FT/Cash mode |
| 8 | Primary Security | Hypothecation of Stock Funded under the program |
| 9 | Collateral | Self Occupied Residential and Commercial Property |
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