Recharge
Pay Bills
Fee Collections
Pay Taxes
Net Banking
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.
