To meet working capital/capex requirements (including construction of shop/office building, interiors etc.,) of Wholesale/Retail Dealers and Distributors engaged in the business of Pharmaceutical products/Medical Shops.
All Type of Fund Based & Non-Fund Based Limits
Rs.10.00 crore (maximum)
Individual, Joint, Proprietary Concern, Partnership firms, Limited Liability Partnership firms, Limited Company and Trust.
Margin :
- Working Capital – Stock 25%, Book debts 30%.
Term Loan –
- For purchase of new/second hand imported reconditioned equipments, racks, new Vehicles etc – 25%.
- For purchase of indigenous second hand equipments – 50%.
- For Second hand vehicles – 50%
- For building construction – 25%
- For other interior works – 40%
- For purchase of old building – 50%.
Repayment :
- Cash Credit / Overdraft – One year, subject to renewal every year well before the due date.
- Overdraft (Reducing balance method) – For fresh loans not exceeding 84 months, subject to review every year.
- Demand / Term Loan (Business / capex purpose) – subject to review every year.
- Demand Loan – upto 35 months
- erm Loan – upto 84 months
- Term Loan (capex) - 84 months (excluding holiday)
Security :
- Primary;:
- WC: Stocks and receivables
Collateral: Land and building not less than 50% of the credit Limit
Interest :
Fees & Charges
- 0.50% for Fresh / enhancement portion of credit Limits
-
0.25% for renewal of existing Limits