FEATURES
HDFC Bank offers Working Capital Solutions for Agri Traders, Arathiyas, Food processing firms, Agri Exporters etc., which is a tailor made product to suit their business requirement and providing them with the credit with anytime, anywhere banking!
- Secured Loans depending upon your needs and eligibility.
- Facility Type - Working capital (Both Fund & Non Fund Based – Cash Credit, Overdraft (ODAP), Term Loan, Working Capital Demand Loan, EPC, Bank Guarantee & Letter of credit, etc.)
- Funding to Individuals, Sole Proprietorship Firms, Partnership Firms, Pvt. Ltd. Companies, Limited Companies, etc.
- Acceptable Collateral - Residential / Commercial/ Industrial Property/Cash & Liquid Collateral.
- Tenor -12 months with annual renewal.
- Attractive Interest Rates.
- Convenient facilities like Net Banking, Mobile Banking and Phone Banking.
- Multi Location Banking.
Arathiyas / Commission Agents of Agri Commodities, Fertilizer Dealers, Pesticide Dealers / Distributors / Large Traders dealing in Agri Commodities (Wholesalers / Retailers) Food Processors / Agri Commodity Processors / Agri Input Manufacturers /Agri Exporters / Farmer Producers / Other Allied activities.
when you take a Loan from HDFC Bank:
- Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.
- Competitive pricing – Our loan rates and charges are very attractive.
- Transparency – Complete clarity on loan process and no hidden charges. Update on status of loan application at each stage.
- Business vintage : 5 Years (min 3 years at the same location)
- Tangible net-worth & profit after tax: Positive for at least 2 out of 3 financial years
- Account behavior : This will be judged basis cheque returns, over-drawings, utilization of limits, churning and interest servicing, etc.
- Application form &KYC Documents (including Partnership Deed/ MOA & AOA/COI)
- Property & Income Related Documents (including Aud. Balance Sheet , ITR for last 3 years)
- Bank Statement for latest last 6 months.
- Stock & Receivables statement.
- Business Registration Proof &Repayment track record of any existing loan.
- Project reports in case of Term Loans.
- Last 6 months stock, debtors and creditors values on letter head.
Address Proof*: Voter ID card/ Electricity Bill/ Telephone Bill/ Bank Passbook/ Passport/ Ration Card/ Aadhar Card.
Photo Id/Signature Proof*: PAN Card/Voter ID/Bank Passbook/Driving Licence.
* Not required for existing customers of the Bank (A/c number may be quoted).
All documents should be self-attested by applicant/borrower.
Type of Charge |
Charges |
Processing Fees |
Minimum of 1% of the limit amount sanctioned plus applicable taxes. |
Renewal Fees |
Renewal cases without enhancement - Minimum of 0.50% of the limit amount renewed plus applicable taxes. |
Renewal cases with enhancement - Minimum of 0.50% of the limit amount renewed and minimum of 1% of the enhanced amount sanctioned plus applicable taxes. | |
Additional Interest |
Charged @ 18.00% p.a. for Overdue / delay / default of any monies payable |
Commitment Charges |
Average Utilisation> 60% - Nil charges |
Average utilisation < 60%- 0.50% p.a (plus taxes) on the difference between the actual utilisation and average quarterly utilisation of 60%. | |
Charges will be levied on a quarterly basis | |
Applicable only for CC/OD facility | |
Stamp Duty & other statutory charges |
As per applicable laws of the state |
Legal / Valuation |
NIL |
No Due Certificate / No Objection Certificate (NOC) |
NIL |
Intra Day Peak utilization charges |
NIL |
Duplicate no due Certificate / NOC |
Rs. 250/- (plus taxes) |
Non-Submission of property/stock insurance policy including renewal policy |
@2% Additional Rate of interest on the amount out-standing. |
Penal Interest |
@2% additional on existing ROI for non-submission of Insurance / Stock Statement |
ROC filling charges (On customer request) |
Rs 3000/- (plus taxes) per filing on availing bank empaneled vendor services. Customers may also avail services of other vendors as per their convenience. |
Issuance of Solvency certificate |
Rs 10000/- for every Solvency Certificate approved by the Bank. |
Cheque bounce charges for term loans |
Rs 450 (plus taxes) Per cheque bounce |
Late payment penalty |
24% per annum (plus taxes) on the amount out-standing from date of default. |
Temporary over-draft |
18% per annum on the amount utilised above the sanctioned credit limit. |
Commission on LC/BG issuance |
Upto 1.8% p.a. on LC/BG Amount (plus applicable taxes) |
Penal Interest for maintaining Current Account with Other Bank while facility is granted under Sole Banking (Applicable where specific permission is not taken by the customer). |
@2% additional levy over existing Rate of Interest. |
Penal interest on customer exposures, overdue for renewal of credit facilities. |
@2% additional levy over existing Rate of Interest from the date of renewal overdue, subject to a minimum of Rs.2500 per month. |
Penal interest for customers not submitting the Letter Acknowledging their Debt (LAD) |
@2% additional levy over existing Rate of Interest from the date of LAD overdue, subject to a minimum of Rs.2500 per month. |
Higher levy in case account conduct deteriorates |
@2% additional levy over existing Rate of Interest. |
Incremental Interest on Adhoc limits. |
@2% additional levy over existing Rate of Interest. |
Incremental Interest on Temporary overdrafts (TOD) |
18% p.a. on TOD amount availed for the days, TOD is used. |
Penal Interest for not complying with documentation for the credit facility. |
@2% additional levy over existing Rate of Interest. |
Service Charges - for processing Physical Stock Statement. |
Rs. 500 for every physical stock statement collected or submitted. |
Conversion Charges (For revising rate of interest) |
@ 0.25% plus taxes as applicable on loan outstanding in case of Term loan and on sanctioned amount for other Working Capital Facility (e.g. Cash Credit / Overdraft etc.) or Rs. 5, 000 plus taxes as applicable, whichever is higher. |
Stock Audit Charges |
For Sanctioned Limits upto Rs. 5 Cr : Rs.8,000/- plus taxes as applicable. |
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For Sanctioned Limits above Rs 5 Cr : Rs.12,000/- plus taxes as applicable. |
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**For the customers having multiple locations, stock audit charges to paid per number of visits at each factory, office, godown etc. |
Levy of Takeover Charges on customers in case of loan is takenover by other Banks and NBFCs. |
4% of loan Outstanding for Term loan and 4% of the sanctioned amount for Working Capital Facility plus taxes as applicable. |
CERSAI Charges for creation / modification of security interest on collateral. Collateral is a necessary element that a recipient has to keep with him to get a loan. Securities can also be used as collateral. securities. |
Rs.500 + GST - per customer |
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*Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges | |
Loan at the sole discretion of HDFC Bank Ltd. | |
Floating rate loans are linked to MCLR as declared by the bank from time to time. Such loans / facilities shall reset at the time of renewal only |