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TMB Traders

To meet the Working Capital / Capex requirements of Retail and Whole Sale Traders, Micro and Small(Service) Enterprises, Small Business, Professional & Self- Employed persons.

Term Loan / Demand Loan / Overdraft (Running / Operative account) renewable every Year / Overdraft (Reducing Balance Method

Rs. 50 Lakh (maximum)

 

Individual / HUF / Proprietary Concern / Partnership Firms / Limited Liability Partnership Firms / Private Ltd Company

Margin :

  • DL / TL / OD for Working Capital purposes - Nil TL (for Capex) - 20% on the relevant assets

Repayment :

  • Term Loan (Capex) - 84 months
  • Demand Loan (Business /WC purpose) - 35 months
  • OD (Reducing balance method) – 60 months
  • Overdraft (running facility) – One year

Security :

  • Primary :
    • Term Loan (capex) :
      • Asset to be purchased / created WCDL / Business purpose Term Loan (BPTL) / OD for working
    • capital purpose :
      • Hypothecation of stock / book debts.
  • Collateral : 125% of the Limit – Non Agriculture property

Interest :

Fees & Charges

  • Term Loans/ WCDL/ OD Reducing balance/: 1.00% of the loan amount without any maximum cap + taxes applicable.
  • Overdraft (running account): 0.50% of the OD Limit + taxes applicable