Secured Overdrafts

Expand your business reach by utilizing this running overdraft facility to meet the working capital requirements of your business for day-to-day business operations against security of immovable properties | Gold Ornaments | NSC | LIC Policies that are viable to be considered as security according to the Bank’s guidelines. This facility is provided to trading firms, manufacturing units, processing units, transport operators, hospitals, hotels, restaurants, small and medium business entities, wholesalers / small retailers, etc. Benefits include quick processing, personalized service and convenient documentation.

Security

•  Collateral Security: property of Land & Building | Gold Ornaments | NSC | LIC Policies

Limit Eligibility

•  Working capital limits are assessed based on:
•  20% of projected sales of the concern during the next one year.
•  75% of the working capital gap of the concern.
•  50% of the security offered including movable and immovable assets.