IB Tradewell

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Target Group	Traders with minimum one year experience with good standing in the market.
Purpose	To meet working capital requirements Term Loan for acquisition of fixed asset, modernization of business place/office.
Nature of Facility	Working Capital: Open Cash Credit, Secured Overdraft, Bank Guarantee, Letter of Credit, Bills Discounting etc. Term Loan for purchase of equipments etc
Amount of Loan	Minimum: Rs.0.10 Crores Maximum: Term Loan: Rs.5.00 Crores Working Capital: Secured Overdraft/ / OCC / PC: upto Rs.2.00 Crores OCC / PC : Above Rs. 2.00 Crores
Margin (Promoter’s Contribution)	Working Capital: Stock and Book Debts : 25% and 30% Term Loan: 25% on cost of equipments to be purchased. Secured OD: Upto Rs.0.50 Crores – 33% on Immovable property. Our Bank Deposits / NSC – 10% Above Rs.0.50 Crores & upto Rs.2.00 Crores – 40% on Immovable property Our Bank Deposits / NSC – 25% Government Securities – 20%
Repayment Period	Term Loan : Maximum 84 months (excluding holiday period of 6 months)
Security	PRIMARY SECURITY: Secured OD : EM of properties Other Tangible Security i.e. Our Bank Deposits / NSC etc. OCC : Hypothecation of Stocks and Book Debts upto 90 days TL – Machine / Bldg – Hypothecation / EM of assets created out of the term loan. For NFB: Portion uncovered with cash margin shall be covered with realizable sale value of EM property / liquid securities. Open Cash Credit: Stock and Book Debts Term Loan: Hypothecation of equipments purchased out of loan COLLATERAL SECURITY: Secured OD : Hypothecation of stocks & book debts equal to the limit sanctioned. Others : Immovable property (Primary + Collateral) and / or liquid security value should be at least 50% of the limit sanctioned.
Service Charges	Please refer home page for service charges. Processing charges: 50% concession.
Interest Rates	Please refer home page for latest interest rates.