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Sulabh Vyapar/ Business Solutions

Traders act as a vital link between the manufacturers of goods/commodities and the consumer. The product aims to provide hassle free finance to traders and to meet their business and financial needs at competitive interest rates. Any individual or a firm (partnership or proprietorship) engaged primarily in buying and selling mercantile goods is eligible for this mode of finance. IDBI Bank offers solutions to all the financial needs of the wholesalers/traders/retailers under the Product.

 
Sr. No  Field  Contents 
1 Eligible Segments  Traders and Service Sector viz. Wholesalers, Retailers e.g., Super market, Malls; also service sectors like restaurants, hotels, travel, entertainment etc.
2 Facility
  • Fund Based: Over Draft /Cash /Term Loan/Bill Discounting
  • Non Fund Based: LC/BG
3 Loan Amount Up to Rs. 500 lakh
4 Pricing Interest Rate linked to Bank Base Rate and scoring model
5 Security Primary: Hypothecation of stocks, receivables, assets financed by bank.
Collateral:
  • Immovable Residential or Commercial property
  • Loan amount up to 90% of the property value
6 Margin
  • 25% on Stock & Book Debts
  • 25% for Term Loan (New Assets)
7 Processing Charge Up to 1% of the loan amount
 
     
     
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