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TMB – Secured Overdraft

  • To meet Working Capital requirement of Traders, Industrialists, Contractors and Transport Operators.
  • Overdraft
  • 20% of projected sales and within 75% of WCG (working capital gap)

Proprietary, Partnership Concern, Company, Individuals.

Margin
  • 25% of the WGC.
Repayment
  • Renewable every year
Security
  • Primary : Stock & Book Debts.
  • Collateral : Non-Agriculture property of 150% of the Limit Sanctioned.
  • Click RLLR Rates of Interest for RLLR based interest rates.
  • Click MCLR Rates of Interest for MCLR based interest rates.
Fees & Charges
  • 0.50% of the Limit sanctioned + taxes applicable