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Overdraft Facility

OVERDRAFT TO TRADERs/ WHOLE SELLERS

  1. Eligibility – All types of whole sellers and traders in business
  2. Quantum – 75% of the supply value  / Total Value of Stock.
  3. Tenure: Period of 1 year subject to review/renewal
  4. Interest Rate : 12%

OVERDRAFT TO CIVIL CONTRACTORS

  1. Eligibility – All contractors who are awarded work.
  2. Quantum – 30% of the Contract Value.
  3. Tenure: One year or till the validity of the contract on hand
  4. Interest Rate: 12%

OVERDRAFT AGAINST TDR

  1. Eligibility – The Bank may grant a loan to a Term Deposit holder of the bank treating the Deposit as its security. The loan should be given to the Depositor on the strength of the deposit receipts
  2. Quantum – 90% of the term deposit value.
  3. Tenure: 1 year or till the validity of the TD/RD
  4. Interest Rate: 2% over and above the deposit rate

Download Overdraft Loan Application