Tuesday, November 19, 2019
Finance

Dena Bank- Dena Trade Finance Scheme

Eligibility:

  • 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.

Margin:

25% stock, 50% of book debts.

Processing Fee:

1% of the sanctioned loan amount.

Security:

  • 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.

Repayment:

Revolving limit to be operated as per DP/ Sanctioned Limit.

For more information: Website