| Q. |
For whom are the Trade and Working Capital products useful? |
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The target segment includes manufacturers, retail / wholesale
traders, importers / exporters and service providers. |
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| Q. |
Which entities are eligible for loans under Trade and Working
Capital product? |
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Self Employed individuals and professionals |
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Sole Proprietors / Proprietorship firms |
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Partnership Firms |
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Pvt. Ltd. Companies (including closely held limited companies) |
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Listed public limited companies with promoter holding greater
than or equal to 51% holding are within target segment |
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|
| Q. |
What are the types of facilities offered under Trade and
Working Capital? |
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Depending on the needs of the customers, facilities range from: |
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Overdraft / Revolving Credit |
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Export services like Pre Shipment , Post Shipment limits etc |
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Import Services like Letters of Credit, Shipping Guarantees,
Invoice Financing etc |
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Bank Guarantees |
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Term Loans for purchase of commercial property, business
expansion etc |
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|
| Q. |
What is the minimum and maximum turnover range to be eligible
under TWC? |
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The turnover requirement for TWC ranges from INR 1 crore to INR
110 crores. |
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|
| Q. |
What do I need to give as security? |
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Security in any of the following forms is acceptable: |
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Fixed Deposit |
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Residential / Commercial Property |
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Bank Guarantee / Standby Letter of Credit |
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Industrial property subject to certain conditions |
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Specific details would be provided by the sales officer. |
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|
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|
| Q. |
What is the minimum amount of security that needs to be given
as collateral? |
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The minimum amount is INR 30 lakhs and maximum amount is INR 22
crores subject to conditions that will be explained by the sales
officer. |
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| Q. |
What are the minimum documents I need to submit for sanction? |
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Audited financials of previous three years |
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Bank statements of last six months |
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Net-worth statements and tax returns of the borrowers /
promoters and guarantors |
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Identity and Address Proof |
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VAT / Sales tax returns |
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Specific details would be provided by the sales officer. |
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|
| Q. |
What is the rate of Interest that would be charged on
Overdraft? |
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The rate of interest charged would vary from case to case based
on the strength of financials, facilities offered, tenor etc.
Specific details would be provided by the sales officers. |
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|
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|
| Q. |
What is the maximum loan amount offered? |
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The maximum loan amount can be extend upto INR 22 crores. |
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To schedule an appointment with our sales officer,
click here |
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Note: The FAQs has been prepared for general information only
and are subject to change. The ultimate aim of the FAQs is to
extend the availability of the information about the product in
simple and readable manner and should not be construed as a
comprehensive feature of the product. |
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