||Financing against hypothecation of the stock of goods & charge over the receivables of the business.
||Maximum 70% of the value of the goods plus receivable amount under the hypothecation/charge. The financing ratio is to be checked/confirmed on quarterly basis by obtaining stock & receivables report and verifying by the relationship officer.
||Revolving & renewable.
||Limit is provided on the cash credit account and upon request/demand of the borrower, amount is disbursed on the nominee current account.
||Fully within expiry of the facility.
||On quarterly basis but prior to the expiry of the facility.
||At least 143% coverage by the value of hypothecated goods & receivables of the business and/or 70% coverage by the mortgage collateral securities.
||Maximum one year period.