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TMB Secured OverDraft

Features and Benefits

Curated loans for Traders, Industrialists, Contractors and Transport Operators to meet their Working Capital

Eligibility and Terms

Individuals / HUFs, Proprietary Concerns, Partnership Firms, Limited Companies

Interest and Fees

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

Key Features

Limit is fixed based on 20% of projected sales and within 75% of WCG (working capital gap)
Quick & hassle free processing
Competitive interest rate

Features and Benefits

Curated loans for Traders, Industrialists, Contractors and Transport Operators to meet their Working Capital requirements in the form of an Overdraft limit.
Limit is fixed based on 20% of projected sales and within 75% of WCG (working capital gap)
Submission of monthly Stock / Receivable statements is not required. Instead, consolidated Quarterly Statement showing the position of Current Assets, Current Liabilities, WCG (Working Capital Gap), MPBF (Maximum Permissible Bank Finance) and Bank Borrowings should be submitted

Eligibility and Terms

Proprietary, Partnership Concern, Company, Individuals.

Margin :

25% of the Working Capital Gap.

Repayment :

Renewable every year

Security :

Primary: Stock & Book Debts

Collateral: Non agriculture Self-owned Land / House Plot / Building properties valued not less than 150% of the limit sanctioned

Interest and Fees

Interest :

Click here to know the Rates of Interest for loans

Fees & Charges

0.50% of the Limit sanctioned + GST