|
 |
Business Loan |
SME Finance Products
Dealer Finance
Eligible Segments
Distribution chain partners comprising dealers, stockists, distributors, etc.
Facility
Overdraft, Cash Credit, Term loan, Other working capital facilities.
Purpose
- OD/ CC: Working capital/ Meeting temporary mismatch of funds.
- TL: Acquisition of fixed assets, renovation of premises, retiring of high cost debt, etc.
- Other working capital facilities on case to case basis.
Loan Amount
Minimum: Rs.10 lacs and Maximum: Rs 500 lacs.
Tenor
One year to 3 years.
Pricing
Linked to BPLR.
Security
- Exclusive charge on all assets of the borrower.
- Personal Guarantee of the borrower.
- Collateral security as deemed necessary.
Processing charges
Upto 1% on the loan amount.
Loans To Small Road And Water Transport Operations (SRWTOs)
Facility
- Term loan
- Cash Credit / OverDraft
- Bank Guarantee
Eligible Segments
- All SRWTOs
- All goods / passenger transport vehicles including light Commercial vehicles, auto-rickshaws, taxi-cars, motor-buses and lorries are eligible. Small refrigerated vans, bulk carriers for carrying petroleum / edible oil.
- Water transport units such as small boats, launches, etc. are also covered.
Purpose
- New Asset Finance.
- Working Capital.
- Takeover of existing loans.
Loan Amount
- Min. Rs.25,000.
- Max. Rs.2 crore.
Tenor
- OD / CC / BG – Not exceeding 1 year.
- TL for new asset finance – Not exceeding 5 years.
- Prepayment, if any, may be allowed without any prepayment penalty.
Pricing
Linked to BPLR.
Processing charges
0.50 % p. a. of loan amount.
Security
- Exclusive Charge on assets financed and to be registered with RTO and RoC as applicable.
- Personal guarantees of the promoter directors in case of limited companies
- 3rd party guarantees.
Margin
Depending upon the nature of facilities.
Vendor Financing Program
| |
Pre-Sale Funding |
Post-Sale Funding |
| Target Segments |
Micro, Small and Medium Enterprises as per definition given in MSMED Act 2006 |
Micro, Small and Medium Enterprises as per definition given in MSMED Act 2006 |
| Nature of Loan |
Overdraft / CC and NFB – LC for purchase of material |
Bill Discounting / Financing against Invoices. |
| Eligibility Criteria |
Vendors of existing corporate relationships of IDBI. |
Vendors of existing corporate relationships of IDBI. |
| Purpose |
Fund the manufacturing cycle |
Fund the receivable cycle |
| Tenor |
One year |
180 Days Max. |
| Repayment Schedule |
From Bill / Invoice Discounting |
By OEM on due date. |
| Pricing |
From Bill / Invoice Discounting |
| Processing fees |
Upto 1% of Loan Sanctioned |
Upto 1% of Loan Sanctioned |
| Primary |
Pari Passu Charge on current assets.
Second/Subservient Charge on current assets on case-to-case basis. |
Accepted Bill / invoice by the authorised officials of OEM. |
| Collateral |
Second charge on the fixed assets of the vendor on reciprocal basis with the term lenders.
Personal Guarantee of directors / partners / sole proprietor. |
Personal Guarantee of directors / partners / sole proprietor |
|
|
|
|
