TMB PHARMA FINANCE

Features and Benefits

To meet working capital/capex requirements (including construction of shop/office building, interiors etc.,) of Wholesale/Retail Dealers and Distributors engaged in the business of Pharmaceutical products/Medical Shops.

All Type of Fund Based & Non-Fund Based Limits

Rs.10.00 crore (maximum)

Eligibility and Terms

Individual, Joint, Proprietary Concern, Partnership firms, Limited Liability Partnership firms, Limited Company and Trust.

Margin :

Working Capital – Stock 25%, Book debts 30%.

For purchase of new/second hand imported reconditioned equipments, racks, new Vehicles etc – 25%.

For purchase of indigenous second hand equipments – 50%.

For Second hand vehicles – 50%

For building construction – 25%

For other interior works – 40%

For purchase of old building – 50%

Repayment :

Cash Credit / Overdraft – One year, subject to renewal every year well before the due date

Overdraft (Reducing balance method) – For fresh loans not exceeding 84 months, subject to review every year.

Demand / Term Loan (Business / capex purpose) – subject to review every year.

Demand Loan – upto 35 months

Term Loan – upto 84 months

Term Loan (capex) - 84 months (excluding holiday)

Security :

WC: Stocks and receivables

Collateral: Land and building not less than 50% of the credit Limit

Interest and Fees

Interest :

For MSE advances, Click here to know about RLLR based interest rates.

For Other Advances, Click here to know about MCLR based interest rates.

Fees and Charges

Cash Credit:

0.50% for Fresh / enhancement portion of credit Limits

0.25% for renewal of existing Limits.