The bank offers working capital finance to cover the full range of short-term funding needs that arise within a business's daily operations — financing inventory, managing cash flow, supporting supply chains, funding production and marketing, and supporting business expansion. Facilities on offer range from cash credit to structured loans, including cash credit, demand loans, and bill discounting.
Quantum of Assistance
Up to 75% of the working capital requirement for one operating cycle.
Promoters' Contribution
25%.
Interest Rate
Prime Lending Rate (PLR) plus a risk weightage.
Adjustment / Renewal Period
Up to 1 year, renewable subject to the bank's approval.
Security
- First charge by way of hypothecation of current assets.
- Charge on the unit's fixed assets.
- Personal guarantee by a guarantor.
- First pari-passu charge on fixed assets already mortgaged to other institutions/banks.
- Adequate collateral security.
As with any banking product, working capital finance carries risk. Please read and understand the applicable terms and conditions before opening an account or transacting — our branch staff can talk you through the details.