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  • TMB -Traders & Services

    To meet the Working Capital / Capex requirements of Retail and Whole Sale Traders, Micro and Small(Service) Enterprises, Small Business, Professional & Self- Employed persons.

    Term Loan / Demand Loan / Overdraft (Running / Operative account) renewable every Year / Overdraft (Reducing Balance Method.

    Rs. 100 Lakh (maximum)

      Individual / HUF / Proprietary Concern / Partnership Firms / Limited Liability Partnership Firms / Private Ltd Company

    Margin :

    • DL / TL / OD for Working Capital purposes - Nil TL (for Capex) - 20% on the relevant assets

    Repayment :

    • Term Loan (Capex) - 84 months.
    • Demand Loan (Business /WC purpose) - 35 months
    • OD (Reducing balance method) – 84 months
    • Overdraft (running facility) – One year

    Security :

    • Primary;:
      • Term Loan (capex): Asset to be purchased / created WCDL / Business purpose Term Loan (BPTL) / OD for working capital purpose: Hypothecation of stock / book debts.
    • Collateral:
      • 125% of the Limit – Non Agriculture property

    Interest :

    • For MSE advances, Click RLLR Rates of Interest for RLLR based interest rates.
    • For Other Advances,Click for MCLR based interest rates.

    Fees & Charges

    • Term Loans/ WCDL/ OD Reducing balance/: 1.00% of the loan amount without any maximum cap + taxes applicable.
    • Overdraft (running account): 0.50% of the OD Limit + taxes applicable