You are a commodity trader, stockist or dealer registered under sales tax.
You are a permanent resident of the city.
Quantum of Loan:
Minimum : Rs. 2.50 Lakhs
Upto Rs. 25 Lakhs upto 20 % of your project turnover.
Rate of Interest:
Rate of interest for Dena Trade Finance is 12.25%. Interest charged on daily reducing balance and there is no prepayment charges.
25% stock, 50% of book debts.
1% of the sanctioned loan amount.
Hypothecation of stock and book debts.
Equitable mortgage of immovable property or any other liquid assets with market value of 100% sanctioned limit as collateral.
Revolving limit to be operated as per DP/ Sanctioned Limit.
For more information: Website