Tuesday, July 23, 2019
Finance

IndusInd Bank- Traders Advances

IndusInd Bank extends Working Capital limits to small traders and businessmen on the basis of turnover and other parameters.

Eligibility:

Wholesale / Retail traders with valid license / registration.

Nature of Facility:

Demand Loan / Overdraft

Margin:

Margin of Loan is 25 %.

Security:

Primary security of stock and collateral security of property.

Quantum:

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.

Repayment:

By monthly installment / on demand and servicing of monthly interest.

For more information: Website