PRODUCT PURPOSE/DESCRIPTION
Stock loans are availed to finance the purchase of stock and/or buffer stock for normal business operations.
PRODUCT FEATURES
| 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. |
BENEFITS
- Through revolving limits, the borrower is offered flexibility to purchase stock as demanded by business cyclicality.