Union Bank of India- Product
Home You are here : path  Products path Personal path Financing Traders against Electronic Negotiable Warehouse Receipt

image  Financing Traders against Electronic Negotiable Warehouse Receipt

Financing Traders against Electronic Negotiable Warehouse Receipt

1. Eligibility Traders, Arathias, Exporters/ Importers who are Original Depositors covering only Non Perishable Agricultural Commodities, Agro Processors (classified as MSME)
2. Purpose Short Term Loan (Demand Loan) against pledge of the e-Negotiable Warehouse receipt of NERL/CCRL covering stocks of agricultural commodities stored in warehouses registered with WDRA.
3. Quantum of Finance Up to Rs. 10.00 Crore per borrower (Quantum of Loan should be commensurate with past sales trends and projection acceptable to Bank).
4. Margin Depending on type of commodity. Subject to change from time to time.
5. Interest Rate EBLR + 0.75% p.a.
6. Security Pledge of e-Negotiable Warehouse Receipt duly lien marked in NERL/CCRL portal in favour of Bank, covering stocks of commodities stored in warehouse registered with WDRA.

• For more details, Please contact our nearest branch.