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Flexi loan Who are all eligible under this scheme? All traders in goods/ commodities and services What is the quantum of loan? Quantum of loan for Departmental Stores is maximum Rs. 100.00 lacs and others maximum Rs. 50.00 lacs For what purpose the loan is given? A composite term loan is given for working capital and term loan requirements. What is the security required? Primary security i.e Hypothecation of assets created out of bank finance. Collateral security by way of Equitable Mortgage/ Registered Mortgage of mmovable property or liquid assets in the form of TDR or Government Securities Repayment period? To be repaid in 3 to 5 years. Vehicle loan What is the eligibility criteria? Loans are considered to corporates who have earned PBDT (Profit Before Depreciation and Tax) in immediate preceding two years and projected PBDT for the current year and whose dealings with the bank are satisfactory. What is the quantum of Finance? Need based finance with a maximum of 5 vehicles. What is the security? Hypothecation of vehicle and personal guarantee of Director / s. Any charges to be levied? Up-front fee upto Rs. 2.00 lacs Nil . Rent plus Who are all eligible under this scheme? Owners of Residential Buildings and Commercial properties in Semi-urban /urban/metro areas which are to be rented or already rented to MNCs / Banks / Large & Medium size corporates. What is the quantum of loan? Minimum Rs. 1.00 lacs Max Rs. 1.00 Crore for Non-Corporates And Rs. 2.00 Crore for corporates For what purpose the loan is given? To meet liquidity mis-match of the applicants What is the security? Primary security (Assignment of future rentals) & Collateral Securities. First charge on building against the rentals of which the loan would be sanctioned. Repayment period? 5 year or the residual lease period, whichever is lower. Trade finance SBH'S TOTAL PACKAGE FOR FINANCING TRADERS (TFPT) Eligible Activities- All lines of lawful trading activity – Trading in goods & Services. Quantum of Loan- Need based bank finance to be extended Processing charges- Processing charges of Rs. 250 for loans upto Rs. 2 lacs. For loan above Rs. 2 lacs Processing charges should be Rs. 250 per Rs. One Lac limit, subject to a maximum of Rs. 10 lacs. Term loan: Upfront fee @ 1.00% of the limit sanctioned. Repayment- The term loans should be repaid within a period not exceeding 5 years. Security- Primary: Hypothecation of Stocks in trade and receivables. Collateral : Minimum collateral security by way of equitable mortgage of immovable property. |
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