Exporters can keep their products as collaterals for better cash circulation in business.
Features and Benefits
- Rice, beans and pulses can be used as collateral
- Borrow up to 60% appraised value of collateral
- Loan will be granted after receiving collateralized goods
Rates and Fees
Interest rate – 10% p.a.
Warehouse charges to be paid by customer if pledges are kept in the bank's warehouse
Requirement
Active current account
FAQs
How does it work?
Crop appraiser assigned from us will assess the quality of the pledge and the loan amount will be decided by the assessment of the crop appraiser. Loan is granted only after receiving goods in hand by us.
Can I keep the pledge in my warehouse during the loan contract?
When the pledge is kept in your warehouse, it shall not be withdrawn without any consent of the bank and keys to warehouse shall be kept by the bank (or) the bank’s lock will be used.