Karur Vysya Bank- Easy Trade Fin

Purpose of Loan:

Karur Vysya Easy Trade Fin is used for working capital requirements of traders.

Eligibility:

Individuals / Sole proprietor / Partnership firms engaged in trade dealing in auto spares & certain commodities / products.

Quantum of Loan:

Maximum Rs.8 lakhs per borrower [ restricted to 20% of previous year sales].

Rate of Interest:

Type of Facility:

Overdraft facility is available.

Margin: 

50 % is considered as margin of loan.

Repayment of Loan:

Repayment period of loan is one year.

Security:

Equitable mortgage of urban properties having 200% coverage. (Agriculture land should not be acceptable as security).

For more information: Website

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Karur Vysya Bank- Vartaga Mitra

Purpose of Loan:

Karur Vysya Easy Trade Fin is used for working capital requirements of traders.

Eligibility:

Traders (Individuals / Proprietors / Partnership).

Quantum of Loan:

Maximum loan limit is upto Rs.25 lakhs

Rate of  Interest:

Type of Facility:

SOD(RE)/ Short Term Loan.

Margin:

50 %

Repayment of Loan:

Maximum 36 months for Short Term Loans in monthly installments.

Guarantor:

Partners and Title-holders of the property.

Security:

• Primary Security : Equitable mortgage of residential / commercial land and building property.
• Collateral Security : Hypothecation of Stock-in-Trade.

For more information: Website