OVERDRAFT TO TRADERs/ WHOLE SELLERS
- Eligibility – All types of whole sellers and traders in business
- Quantum – 75% of the supply value / Total Value of Stock.
- Tenure: Period of 1 year subject to review/renewal
- Interest Rate : 12%
OVERDRAFT TO CIVIL CONTRACTORS
- Eligibility – All contractors who are awarded work.
- Quantum – 30% of the Contract Value.
- Tenure: One year or till the validity of the contract on hand
- Interest Rate: 12%
OVERDRAFT AGAINST TDR
- 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
- Quantum – 90% of the term deposit value.
- Tenure: 1 year or till the validity of the TD/RD
- Interest Rate: 2% over and above the deposit rate
Download Overdraft Loan Application