- SME Banking
- Working Capital
- Trade and Working Capital
Trade and Working Capital
This loan is useful for professionals, proprietors, partnership firms and private limited companies with turnover ranging from
Rs. 1 crore to Rs. 185 crore.
Our total trade solution offered against primary security of stock and book debts assists you through the complexity of international trade by leveraging on our extensive international network.
Special features
- Limit size up to Rs. 75 crore*
- Leverage on our extensive international network across more than 50 countries
- Attractive interest rates*
- A dedicated Relationship Manager to cater to your needs
- One stop shop for all trade services * Conditions apply
Services offered
Our range of services includes
- Export Services
- Credit bills negotiation
- Pre-shipment export financing
- Export letter of credit advising
- Letter of credit confirmation
- Import Services
- Letter of credit
- Shipping guarantees
- Import financing
- Custom bonds and guarantees
FAQS
For whom are the trade and working capital products useful?
- The target segment includes manufacturers, retail/wholesale traders, importers/exporters and service providers.
Which entities are eligible for loans under trade and working?
- Self employed individuals and professionals
- Sole proprietors/proprietorship firms
- Partnership firms
- Pvt. ltd. companies
- Listed public limited companies with promoter holding greater than or equal to 51% holdings are within target segment
What are the types of facilities offered under trade and working capital?
- Overdraft/revolving credit
- Export services like pre shipment , post shipment limits etc
- Import services like letters of credit, shipping guarantees, invoice financing etc
- Bank guarantees
- Term loans for purchase of commercial property, business expansion etc
Depending on the needs of the customers, facilities range from:
What is the minimum and maximum turnover range to be eligible under TWC?
- The turnover requirement for TWC ranges from Rs. 1 crore to Rs. 185 crores.
What do I need to give as security?
Security in any of the following forms is acceptable:
- Fixed Deposit
- Residential/commercial property
- Bank guarantee/standby letter of credit
- Industrial property subject to certain conditions
Specific details would be provided by the sales officer.
What are the minimum documents I need to submit for sanction?
- Audited financials of previous three years
- Bank statements of last six months
- Net-worth statements and tax returns of the borrowers/promoters and guarantors
- Identity and Address Proof
- VAT/Sales tax returns
The sales person will advise you of the same.
What is the rate of interest that would be charged on overdraft?
The rate of interest charged would vary from case to case based on the strength of financials, facilities offered, tenor etc.
Specific details would be provided by the sales officers.
What is the maximum loan amount offered?
- The maximum loan amount can be extended upto Rs. 75 crores.
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