TMB – VYAPARI

To meet the working capital / capex requirements (including construction of shop/ office building, interiors, etc.,) relating to the business of Retail and Wholesale Traders.

  • For working capital purpose – Cash Credit / Overdraft - Running Account (Running / Operative account – renewable every year) Overdraft (Reducing Balance) (Reducing Balance method – to be reviewed annually)
  • Working Capital Term Loan / Working Capital Demand Loan.

Rs.5.00 Crore (Maximum). In case of WCDL / WCTL, the maximum amount is restricted to Rs.1.00 crore.

Margin :- Working Capital – Stock 25%, Book debts 30%.

Term Loan :

  • For purchase of new / second hand imported reconditioned equipments, racks etc – 25%.
  • For purchase of indigenous second hand equipments – 50%.
  • For building construction and 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.
  • Demand / Term Loan (Business / WC purpose) – subject to review every year.
  • Demand Loan – upto 35 months
  • Term Loan – upto 84 months
  • Term Loan (capex) - 84 months (excluding holiday) (subject to review every year)

Security :

  • Working Capital – Stock & Receivables
  • Term Loan/Demand Loan – Assets acquired & created out of the loan.
  • Self-owned (including properties in the name of family members) Land/ House Plot / Building properties valued not less than 150% of the limit.

Interest :

Fees & Charges

  • WC: 0.50% of the Limit sanctioned + taxes applicable
  • Term Loan: 1.00% of the limit sanctioned + taxes applicable