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SVC – Loan for Traders
Facility                Cash Credit / Overdraft / Term Loan
Loan limit Minimum Rs 10.00 lacs ; Maximum Rs 200.00 lacs  
Purpose Working capital or purchase of commercial property or business development by way of renovation / expansion etc.
Primary Security

Cash Credit: Hypothecation of stock and book debts

Overdraft / Term Loan: Equitable/ Registered mortgage of property preferably owned by the applicant / partner/s/ promoters / their family members

Collateral security CC: Minimum 60% of the limit. Personal guarantee of partners / promoters / directors / property owners is must.

Overdraft / Term Loan: NIL. Personal guarantee of partners / promoters / directors / property owners is must.

Margin  Cash Credit: 25% against stock (net of creditors) and book debts (upto 90 days).

Overdraft / Term Loan: 25% of the agreement value / market value of the property.

Repayment period Cash Credit / Overdraft: Annual Renewal is necessary.

Term Loan: 60 months (maximum). Annual Review is necessary.

  • Individuals, proprietory firm, registered partnership firm, Pvt ltd, Ltd companies, LLP.
  • The business unit should have been established in the line of business for a minimum period of 5 years and making profit for last 3 years.
  • The premises where business is carried out is owned by the promoters/ family members
  • The area of proponent’s / borrower’s operations should be within a radius of 5 km from the branch.
Rate of interest As applicable from time to time
Membership Borrower to become regular member/s by way of share linkage.Guarantor/s to become nominal member/s.
Guarantors 2 guarantors.
  *Conditions Apply

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