The facility is designed for rural and semi-urban based SMEs mainly Agro-dealers, Traders, Cooperatives and Business Associations who require short term working capital financing for raw materials and packaging materials or other requirements to meet clients’ orders under contract.
Features
- Maximum Loan Term – 6 Months
- Maximum Loan Value – According to the Applicant’s capacity to repay from business proceeds and strength of collateral presented.
- Loan is deducted from source of income
- Effective interest rate on reducing balance
Benefits
- Convenient: Pre-shipment of commodities is allowed.
- Faster: Loans are processed within 5 working days upon fulfilment of all paperwork.
- Affordable: Interest rates are competitive
Requirements
- Market Contract
- Physical collateral or Third Party Guarantee
- Cash contribution of up to 30% of total Loan should be made by the Borrower.
