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Easy Trade Fin

If you are an Individual, Sole Proprietor or a Partnership Firm engaged in trading, our Easy Trade Fin scheme provides easy working capital solutions to grow your business.

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20 Lakhs

Max loan amount

166.67%

Security coverage

Rs. 100 Lakhs

Maximum Turnover

Features and Benefits

A secured overdraft for Traders.
Individuals, Proprietorships or Partnership Firms are eligible.
For working capital requirements of Traders with a turn over up to Rs. 100 Lakhs.

Terms and Conditions

The loan assessment will be based on the actual sales turnover of the previous year.

Charges and Limits

Loan Amount	Maximum of Rs. 20 Lakhs.
Margin	Rs. 100 Lakhs, Maximum turnover.
Primary Security	Residential / Commercial land and building property If immovable properties are insufficient to cover the required margin, Term Deposits / National Savings Certificates / Life Insurance Policies (all or any of them) will also be accepted to cover the difference amount in full with the following conditions, The instruments should be in the name/s of the applicant, proprietor / partner/s of the applicant firm. Surrender value alone to be considered in case of insurance policies. For National Savings Certificates, lock-in period (if any) should have been completed and face value will be taken. For Fixed Deposit, Principal amount should be taken and for Term Deposits, Principal plus accumulated interest as on date should be taken.
Collateral Security	Hypothecation of stock-in-trade
Guarantor	Partners and title holders of the property
Repayment	The Secured Overdraft shall be for a period of one year, which shall be reassessed and renewed before the expiry of the due date based on the financial / operational performance