Loans against Warehouse Receipt
Loans against Warehouse Receipt of National Bulk Handling Corporation Ltd (NBHCL)
|Interest Rates||:||Click to view Interest Rates|
|Purpose||:||To finance farmers/processors/traders/owners of goods against warehouse receipts of warehouses managed by NBHCL by way of demand loans.|
|Eligibility||:||Any one dealing in commodities.|
|Eligible amount of finance||:||Demand Loan: 75% of the value of the warehouse receipt, valued at the market value OR 80% of the minimum support price declared by State /Central Government, whichever is lower.|
|Processing charges||:||Nil where loan is sanctioned and disbursed.
`300/- per lac in case the loan is sanctioned but theborrower does not avail.
|Margin||:||25% (minimum) of the value of the warehouse receipt, valued at the market value OR 20% (minimum) of the minimum support price declared by State / Central Government, whichever is higher|
|Insurance||:||Comprehensive Insurance cost to be borne by the warehouse receipt owner.|
|Repayment||:||The loan should be liquidated as and when the produce his sold during the interim period not exceeding 12 months.|
|Moratorium||None. The loan would be repayable in a maximum period of 12 months. Interest as and when due would be payable.|