TRADERS
Traders avail working capital requirement on easy terms against your Stock, Book Debts, Plant & Machinery.
| Eligibility |
10 to 15% of yearly Turnover |
| Rate of Interest |
15% - 17%( On Actual Diminishing Balance) |
| Period |
1Year (Renewable) |
| Margin |
50% of Stock/Book Debts |
| Share Linkage |
2.5% of Sanctioned Amount and Guarantor – Minimum 10 Shares |
| Processing Fees |
1st year - 1% + S.t. |
| On Renewal |
½% + S.t. |
3 years Certified I T Returns and Audited Balance Sheet and Profit & Loss A/c
Address and ID proof and 3 photos of Borrower and Guarantor
Monthly Stock Statement of Stocks and Book Debts to be submitted.
Advance Repayment excepted.
Personnel Guarantee – 1
Collateral Security: Mortgage of Property
Sale deed with 30 years link
Latest E.C. and Property Tax receipt.
Last 3 years I T Returns or Latest Salary Slip
Sanction Plan or Permission
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