TMB RICE MILL

Features and Benefits

Credit facilities to set up new rice mill or, acquire existing rice mills and working capital assistance at liberalized terms with lower Rate of Interest.

To meet the financial requirements of rice mills.

To set-up new rice mills and to acquire existing rice mills.

Take over of rice mills advances as per our policy.

Working Capital / Seasonal Limit / Term Loan

WC - 20% of projected sales

Seasonal Limit – 15% of projected sales

Eligibility and Terms

All types of fund and non-fund based limits can be sanctioned upto a maximum of Rs.500.00 lacs.

Margin

Stock- 20%

Bookdebt-25% (Cover period 60 days)

Key Loan/Ware House Receipt – 25%

Foreign Letter of Credit -25%

Bank Guarantee10%

Cheque /Demand Draft Purchase – Nil

Term Loan

For construction -25%
For purchase of new (indigenous / imported) machinery - 25%
For purchase of secondhand indigenous machinery – 50% (Subject to submission of chartered Engineer’s valuation certificate confirming the residual life of the machinery covering the project period).

Repayment

Working Capital – One Year

TL – Maximum of 84 months excluding maximum holiday period of 12 months.

Collateral

Must be covered by tangible and marketable collateral security to cover at least 50% of the total limit sanctioned.

Interest and Fees

Interest

Click here to know the Rates of Interest for loans

Fees & Charges

WC - 0.50% of the Limit sanctioned + GST.

TL – 1.00% of the limit sanctioned + GST.

TMB Rice Mill

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Features and Benefits

Eligibility and Terms

Interest and Fees

Features and Benefits

Eligibility and Terms

Interest and Fees

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TMB Rice Mill

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Features and Benefits

Eligibility and Terms

Interest and Fees

Features and Benefits

Eligibility and Terms

Interest and Fees