Karnataka Gramin Bank

Vyapar Loan

  • Sailent Features
  • Purpose
  • Eligibility
  • Loan Amount
  • Margin
  • Repayment
  • Stock Statement
  • Security
  • Insurance

Sailent Features

Sailent Features

  • Who are not in a position to maintain detailed stock books & submit stock statement on monthly basis.
  • Turnover method is adopted for Working Capital
  • Un-audited Financial Statements are accepted
  • OD upto Rs.5.00 lakhs
  • OCC up to Rs.10.00 lakhs

Purpose

Purpose

Working Capital loan for Trading / Business

Eligibility

Eligibility

  • Traders / Businessmen

Loan Amount

Loan Amount

  • Up to Rs.5.00 lakh Secured OD
  • Rs.5.00 lakhs to Rs.10.00 lakhs W/c for OCC

Margin

Margin

  • 25%

Repayment

Repayment

  • Tenable for two years
  • Hypothecation of assets created out of loan
  • Co-obligation/guarantor

Stock Statement

Stock Statement

Once in 6 months.

Security

Security

  • Collateral securities like mortgage of immovable property (NA property) /LIC Policies/KVP/NSC

Insurance

Insurance

  • For both stock+ collateral