Financing purchases of dealers through Buyer's Bill discounting, relating only to products supplied by the concerned corporate.

Selected authorized dealers of identified large Corporate borrowers of the Bank.

Minimum Rs. 25 lac and Maximum Rs. 5 cr

• For SSI units- Turnover method up to limit of Rs. 5 cr and
• For others Turnover method up to limit of Rs. 1 cr and Flexible Bank Finance for above Rs. 1 cr

1. Current ratio = 1.17:1 and TOL/TNW = 4:1
2. Total Long term liability to equity should not exceed 2

* Loans and deposits from family members may be treated as quasi equity for arriving at the TNW provided subordination is supported by undertaking in writing

Nil.

Bills Discounting Scheme in the account of the dealer (Buyer's UBD) drawn by the corporate.

• Prime – DA bills drawn by the Corporate duly accepted by the dealers OR accepted challans/invoice
• Collateral– Tangible collateral security in the form of land, building, bank deposit etc. to be obtained to cover at least 30% of the advances
• Personal guarantee of Promoters

INTEREST RATE :-

MCLR + 4.15%
Updated as on 10.02.2017 (rate of interest is subject to revision from time to time)

On maturity of the bill