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: