IndusInd Bank extends Working Capital limits to small traders and businessmen on the basis of turnover and other parameters.
Wholesale / Retail traders with valid license / registration.
Nature of Facility:
Demand Loan / Overdraft
Margin of Loan is 25 %.
Primary security of stock and collateral security of property.
20% of annual turnover upto Rs.10 lakhs. Projected turnover and audited financial statements for credit limits over Rs.10 lakhs and the eligibility would be fixed as per various financial parameters.
By monthly installment / on demand and servicing of monthly interest.
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