Sr. No |
Field |
Content |
1 |
Eligible Segments |
All Vendors of large Corporates /Original Equipment Manufacturers (OEMs) |
2 |
Nature of Loan Facility |
Overdraft / Cash Credit
Letter of Credit, Bill Discounting /Financing against Invoices
|
3 |
Purpose |
To fund the manufacturing and receivable cycle |
4 |
Pricing |
Interest Rate linked to Bank Base Rate |
5 |
Security |
For Working Capital: Hypothecation of entire current assets
For Term Loan: First/Specific Charge on Assets created out of Bank finance/entire fixed assets
Bill discounting: Accepted Bill / invoice by the authorised officials of OEM/Corporate |
Personal Guarantee of promoter/directors, as applicable |
6 |
Processing Fee |
As per Bank's extant guidelines |