Loans against Warehouse Receipt

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Loans against Warehouse Receipt
Loans against Warehouse Receipt of National Bulk Handling Corporation Ltd (NBHCL)
Features
Interest Rates : Click to view Interest Rates
Purpose : To finance farmers/processors/traders/owners of goods against warehouse receipts of warehouses managed by NBHCL by way of demand loans.
Eligibility : Any one dealing in commodities.
Eligible amount of finance : Demand Loan: 75% of the value of the warehouse receipt, valued at the market value OR 80% of the minimum support price declared by State /Central Government, whichever is lower.
Processing charges : Nil where loan is sanctioned and disbursed.
`300/- per lac in case the loan is sanctioned but theborrower does not avail.
Margin : 25% (minimum) of the value of the warehouse receipt, valued at the market value OR 20% (minimum) of the minimum support price declared by State / Central Government, whichever is higher
Insurance : Comprehensive Insurance cost to be borne by the warehouse receipt owner.
Security :
  1. Primary : Charge over warehouse receipt (resulting in charge over underlying goods), with lien marked in favour of the bank.
  2. Collateral : Personal guarantee of partners or directors has the case may be.
Repayment : The loan should be liquidated as and when the produce his sold during the interim period not exceeding 12 months.
Moratorium   None. The loan would be repayable in a maximum period of 12 months. Interest as and when due would be payable.
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