Vijaya Bank- Trade Finance
Eligibility:
Individuals/proprietary concerns/partnership firms, private
limited companies or any legal entity engaged in business - retail trade, distributors,
stockists, commission agents, etc., are eligible for finance under this scheme,
for a period of 1 year, with the provision for yearly renewal.
Quantum of Loan:
Need based credit limit subject to a maximum of Rs 25 lakhs.
Rate of Interest:
BPLR +1.75%= 14%
Processing Fee:
|
V-Trade (Maximum loan amount Rs. 25 lakh) |
| OTHER THAN INDIVIDUALS |
Rs.620/- per lakh |
Minimum: Rs.1240/- |
Maximum: Rs.15,500/- |
| INDIVIDUALS IN OTHER THAN RURAL AREAS |
Rs.562/- per lakh (0.562%) |
Minimum: Rs.1124/- |
Maximum: Rs.14,050/- |
| INDIVIDUALS IN RURAL AREAS |
Rs.506/- per lakh (0.506%) |
Minimum: Rs.1012/- |
Maximum: Rs.12,700/- |
Repayment of Loan:
Loan will before a period of 3years subject to review every
year.
Security:
Immovable property @ 25% margin and/or other securities like NSC,
KVP and Govt. securities, SV of policies to the extent of the Limit. For limits
and Rs.10 Lakhs - Collateral security of stock is taken (insured and inspected
annually).
For more information: Website
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