|Purpose||Financing on current assets of the business
Financing Ratio: Maximum 70% of net current assets (Total Current Assets- Payable & Creditors)
|Nature||Revolving & renewable|
|Disbursement||Limit is provided on the account and the borrower can withdraw the amount within limit as per need.|
|Principal Repayment||Full within expiry.|
|Interest repayment||On quarterly basis but prior to the expiry of the facility.
Security: Normally 150% but not less than 100% coverage by the mortgaged collateral security.
Tenure: Maximum one year period.
- Feb 22 2018
- Dec 19 2017
- Nov 22 2017