Indian Bank has been financing Wholesale & Retail Trade through various schemes.

Recognizing the growing importance of Trade Sector in the economy and need for bank finance in this regard, the Bank has come out with new flexible scheme of financing trade.

Wholesale and Retail Traders with 4 to 5 years of satisfactory track record

• Showcases, Basic Office amenities like Computer Hardware
• Furniture layout for storage/display of goods traded, cold storage facilities
• Neon Lighting, Hoarding, Display panels
• Billing Equipment, Safety Equipment etc.
• Front elevation and beautification of layout
• Other facilities aimed at Customer convenience like Air-conditioning, purchase of Delivery Van, Trolley etc.
  

Scheme I
Secured OD upto Rs.10 lakh

Scheme I:
Against immovabale property, NSC, KVP, IVP
(The securities viz., immovabale property, NSC, KVP, IVP
lodged for the full limit has to be retained with the Bank till complete adjustment of the facility)
Collateral : stocks in trade
Personal Guarantee of Directors for loans to Private and Public Ltd. companies

Scheme II
OCC Above Rs.10 lakhs upto Rs.100 lakh

Scheme II:
Primary: Against Stocks and Book Debts
Collateral: 100% of OCC limit in terms of value of Immovable property, NSC/ KVP/ IVP/Agricutural Land.

Personal Guarantee of Directors for loans to Private and Public Ltd. companies

Term Loan:
Max. upto Rs.10 lakh

Term Loan:
Hypothecation of items purchased/infrastructure created, Collateral 100%

Personal Guarantee of Directors for loans to Private and Public Ltd. companies

Working Capital	Term Loan
BPLR Presently 12.50%	BPLR+TP Presently 13.30%

 

I Working Capital:

For limits upto Rs.10 lakh:

Immovable Property - 33%
NSC/KVP/IVP etc. - 10%
Agricultural Land - 50%

For limits above Rs.10 lakh and upto Rs.100 lakh:
Primary Security - 15% on paid stocks/book debts (90 days)
Collateral Security - 100%

II Term Loan: 20%

Term Loan: Repayable in 48 equated monthly instalments

Rs.250/- per lakh or part thereof