Vijaya Bank- Trade Finance

Eligibility:

Individuals/proprietary concerns/partnership firms, private limited companies or any legal entity engaged in business - retail trade, distributors, stockists, commission agents, etc., are eligible for finance under this scheme, for a period of 1 year, with the provision for yearly renewal.

Quantum of Loan:

Need based credit limit subject to a maximum of Rs 25 lakhs.

Rate of Interest:

BPLR +1.75%= 14%

Processing Fee:

Repayment of Loan:

Loan will before a period of 3years subject to review every year.

Security:

Immovable property @ 25% margin and/or other securities like NSC, KVP and Govt. securities, SV of policies to the extent of the Limit. For limits and Rs.10 Lakhs - Collateral security of stock is taken (insured and inspected annually).

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