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Loan/Overdraft Against Property
  1. Business Loans and Working Capital
  2. Business Working Capital

Maximize your growth with Business & Trade Working Capital

A range of Working Capital solutions and Trade facilities at your disposal

Business & Trade Working Capital Benefits
  • Borrow up to
    130%*

    of the value of your residential and commercial properties

  • Maximum limit upto
    INR 20 Cr.

    based on sales turnover/ GST, collateral type/ value and existing exposure to other banks

  • Enjoy a
    Extensive

    range of fund-based and non fund-based products

Business & Trade Working Capital Features

Comprehensive Finance options

Overdraft, Short Term Loans, Trade Facilities (Letter of Credit, Bank Guarantee & Export Finance/FX Forward Contract/LC Bill Discounting)

Maximum facility limit

Facility limit up to INR 20 Cr. based on sales turnover/ GST, collateral type/ value and existing exposure to other banks

Simple and hassle-free

Simplified documentation process that gives you ease of application so you can focus on your business

Reach Us

You can contact via our 24×7 phone banking helpline and wide network of branches.
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  • Sole proprietors / proprietorship firms
  • Partnership firms
  • Pvt. Ltd. companies (including closely-held limited companies)

Specific details pertaining to BWC accounts shall be provided by the BWC Relationship Manager and it is part of the Business Facility Letter (BFL) post sanction.

  • Minimum turnover of INR 3 Crores
  • Maximum turnover of INR 105 Crores

You can avail maximum of INR 20 Crore in Business & Trade Working Capital against your residential/commercial property subject to eligibility conditions being met.

Working capital facilities are subject to annual renewal hence 12 months tenure. Short term loan tenure will be 6 months with rollover capability.

We accept both residential and commercial property as security. No plot, self-construction, under-construction properties or Industrial properties are allowed.

Our Business Working Capital facility requires you to maintain an operating account with us.
Your account with us must have business inflows of at least 50% of the facility limit every quarter to qualify as an operating account. We know it takes time to move your business to a new bank, so we will only start measuring your business inflows 6 months from the month the facility is made available to you. Thereafter, the inflows in your account are measured once every calendar quarter.

A shortfall fee of 1% per annum of the facility limit will be charged if the business inflows of at least 50% of the facility limit every quarter is not met.

We offer attractive interest rates on the facility depending on loan amount, credit assessment and other internal parameters. Further details will be provided by our BWC Relationship Manager.

Security in any of the following forms is acceptable:

  • Bank statements for the last six months.
  • Two year financials including profit & loss statement, balance sheet and income tax returns.
  • Documents related to establishment of entity, identity and address proof documents. Specific details will be provided by the sales officer.
  • Pre-closure charges – 2% of the outstanding amount (service charges extra)
  • Part prepayment charges – 2% of the amount part prepaid (service charges extra)
  • Specific details on the OD charges would be provided by the sales person.
  • Specific details pertaining to BWC accounts shall be provided by the BWC Relationship Manager and it is part of the Business Facility Letter (BFL) post sanction.

Disbursal of the loan may take a minimum of 5 working days from the time of submission of loan-related documents, as requested by the bank.

For details, please click here.
For details, please click here.

Entities eligible for Business & Trade Working Capital include:

  • Entities with a minimum of 3 years of business operations
  • Entities should be registered in India
  • Sole proprietorship / Partnership / Limited Companies

To avail Business & Trade Working Capital, you will require:

  • KYC documents of the Directors and the Company (MOA/AOA/PAF, etc.)
  • 12 month GST returns for Turnover computation
  • Completed audited financials of the last 2 years
  • Operating bank statement of the last 6 months
  • Documents related to establishment of entity, identity and address proof documents. Specific details will be provided by the BWC Relationship Manager.
  • Other details required basis the product requirement such as – Order copies for BGs, Invoices for LCs, etc

Disclaimer

Successful applicants may be granted up to a maximum of INR 20 Crores of facilities which must be secured by residential, commercial property security. In case of fully cash backed limits may be granted up to maximum of INR 13 Crores

This is the maximum level of financing. Each successful applicant’s level of financing will differ based on different property types and other internal credit considerations.

All applications may be subjected to additional documents and are still subject to, and conditional upon the Bank’s approval in the Bank’s sole discretion.

Rate of Interest

PRODUCT ROI/Commission Agri/Weaker Section
Overdraft 10.25% 10.00%
Short term loan 10.25% 10.00%
Guaranteed Overdraft (CGTMSE OD) 15.00% 14.00%
CBN 10.00% 9.75%
PCFC/PSCFC/Other Export Limits Case specific linked to LIBOR & spreads   Case specific linked to LIBOR & spreads
*- Pricing is linked to MCLR/External Benchmark which is decided by bank time to time

  

FEES, COMMISSION & CHARGES
Fee Type Commission/Fees/Charges
LC – (Commission) 2.00%
Financial Guarantees – (Commission) 2.00%
Performance Guarantees – (Commission) 2.00%
SBLC, POLC & other Trade products Case specific
BWC Loan Processing Fees 1.00% + GST
Loan Processing Fees (CGTMSE OD) 2.00% + GST
Guarantee Fee (Guaranteed Overdraft CGTMSE Charges) As per Govt decided Rate slab
Renewal fee for BWC/CGTMSE OD 1% +GST

CERSAI Fee – As applicable on CERSAI website

Effective 1st April 2024, Penal Charges will be levied at the rate specified in the facility documents (Business Facility Letter (BFL), Loan agreements, Key Fact Statement (KFS), Most Important Document (MID) as applicable) and Bank communication from time to time. It may be noted that all the terms and conditions as specified in the above-mentioned facility documents and bank’s communication from time to time, shall be considered as ‘material terms and conditions’; non-compliance of these terms and conditions shall attract penal charges.

Such penal charge shall be subjected to Goods and Services Tax (GST) at applicable rates in accordance with the law.

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