You are eligible if:

· You are a commodity trader, stockist or dealer registered under sales tax.

· You are a permanent resident of the city (If not permanent resident, property offered as collateral security is in your name and located at the same location).

Loan Amount

· Minimum- Rs. 2.50 lakhs

· Upto- Rs. 200 lakhs

· CC Limit upto 20 % of your projected turnover.

· Non-fund based limits upto 25% of eligible limit on the basis of projected turnover

· Term Loan upto 20% of working capital eligibility

In case of disruption of the working capital cycle, 40 % of collateral security can be included to calculate Drawing Power.

Nature of Limit

Cash Credit (hypothecation), Term Loan (Secured), Non-fund based limits (Bank Guarantee & LC)

Margin

CC Hypothecation - 25% stock, 50% of book debts

Non-fund based limits (BG & LC) - 25%

Term Loan - 25%

Rate of Interest

Please Check out the Interest Rates Section to find latest Interest Rates applicable

INTEREST CHARGED ON DAILY REDUCING BALANCE

NO PREPAYMENT CHARGES

Security

CC limit : Hypothecation of Stock and Book Debts

Term Loans : Hypothecation of security created out of term loan

Equitable mortgage of immovable property or any other liquid assets (other than equity shares, debentures) with minimum realisable market value of 100% of sanctioned limit as collateral

Process Fees

CC Hypothecation - As applicable for normal CC / Hypothecation account

Term Loan - 1.25% of the limit sanctioned. At the time of review, review fees of 0.10% of the outstanding amount

Commission on Non-fund based limits (BG & LC) to be charged as per Bank's extant guidelines.

Commitment Charges as applicable for normal CC Hypothecation accounts as prescribed in Loan Policy.

Repayment

CC limit / Non-fund based limit : To be reviewed on yearly basis

Term Loan : 5 years (maximum)

For any query, Please contact : Email:rbd@denabank.co.in