.
Warehouse Receipts
Get instant finance against your stock
Overview
Get Instant Finance Against your Stock
SVC Bank caters to the financial needs of those involved in the commodities business, such as farmers, traders, and processors. Some of the benefits of this service are speedy loan sanction, disbursement with minimum documentation and attractive rate of interest.
| Who can Borrow | Individuals, Partnerships and Ltd. Companies |
| Type of Loan | Cash Credit |
| Purpose | Working Capital |
| Security | Endorsement of WHR in favor of SVC Bank |
| Pledge of stock and WHR with the Bank | |
| Noting lien of the Bank on the register, maintained by the Godown, wherever applicable | |
| Guarantor | Personal guarantee of directors / partners |
| Margin | 15% to 25% |
| Repayment | On demand, renewable at annual interval |
| Rate of Interest | As applicable from time to time |
*Conditions Apply
