Stock loans are availed to finance the purchase of stock and/or buffer stock for normal business operations.
|Loan amount||• No Minimum loan amounts.|
|Security||• As per collaterals defined in the Bank Credit Risk Policy|
|Maximum Tenor||• Up to a maximum tenor of 36 months but subject to purpose and business net cash cycle.
• Maximum 12 months for revolving limits. Maximum 180 days for each drawdown but subject to the business net cash cycle.
|Method of Repayment||• Equal monthly instalments of principal and interest
• For revolving limits and on a case to case basis, interest can be serviced monthly and principal repaid in bullet.
- Through revolving limits, the borrower is offered flexibility to purchase stock as demanded by business cyclicality.