Solution to Financial Needs of Traders, Wholesalers and Retailers - IDBI Bank Sulabh Vyapar Business Solutions

Traders act as a vital link between the manufacturers of goods / commodities and the consumers. The product aims to provide hassle free finance to traders and to meet their business and financial needs at competitive interest rates. Any individual or a firm (partnership or proprietorship) engaged primarily in buying and selling of goods is eligible for this scheme thus offering solution to all the financial needs of the wholesalers / traders / retailers under the Product.

The product details are mentioned in the table below: 
 

Sr. No

Field

Contents

1

Eligible Segments 

Traders and Service Sector viz. Wholesalers, Retailers e.g., Super market, Malls; also service sectors like restaurants, hotels, travel, entertainment etc.

2

Facility

  •  Fund Based: Over Draft / Cash Credit / Term Loan / Bill Discounting
  •  Non Fund Based: LC / BG

3

Loan Amount

Up to Rs. 500 lakh

4

Pricing

Interest Rate linked to Bank Base Rate and rating

5

Security

Primary: Hypothecation of stocks, receivables, assets financed by bank. 
Collateral:

  •  Immovable Residential or Commercial property
  •  Loan amount up to 90% of the property value

6

Margin

  •  25% on Stock & Book Debts
  •  25% for Term Loan (New Assets)

7

Processing Charge

Up to 1% of the loan amount

About

IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India. We have also set up an overseas branch at Dubai and have plans to open representative offices in various other parts of the Globe, for encashing emerging global opportunities. Our experience of financial markets will help us to effectively cope with challenges and capitalize on the emerging opportunities by participating effectively in our country’s growth process.

IDBI Bank is the youngest, new generation, public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients. The Bank had an aggregate Balance sheet size of Rs.3, 28,997 crore and total business of Rs.4,33,460 crore as on March 31, 2014. IDBI Bank's operations during the financial year ended March 31, 2014 resulted in a net profit of Rs. 1121 crore

About

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