MAHESH BANK

Limits For Business

Eligibility:
Limits are extended to traders and manufacturers for

  • Trading activity - Open Cash Credit (OCC)
  • Manufacturing Activity - Small Scale Cash Credit (SSCC)

Purpose:

  • Business Development.

SECURITY:
Primary:

  • Hypothecation Stocks
  • Assignment of receivables ( Not exceeding 40% of Total Limits Sanctioned at any point of time

Collateral:

  • Mortgage of immovable property/ies (In case the limit is more than Rs. 5 Lacs )
  • Personal Guarantee of One / two persons.

Amount of facility:

  • Depending upon the constitution of the applicant / borrower as per his eligibility.

Margins :

  • Raw Material – 25%
  • Stocks in manufacturing activity – 25% to 40%,
  • Finished Goods - 25% to 30%
  • Stocks in trading activity – 25% to 50%,
  • Book Debts ( Receivables) - 25% to 50%
  • Maximum amount of limit against book debts (Out of total sanctioned limit) – Not exceeding 40% of limit sanctioned at any point of time.

Rate of Interest
Different rates upto 10 lacs and above 10 Lacs.

Validity:
12 months for limits.

 

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