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Working Capital Finance
Overview
Working Capital Finance
Overview

HDFC Bank Ltd has been in the business of financing the transporters since 2001. Based the banks experience and understanding of the functioning of transport segment, Working Capital Financing to transporters was launched in June 2003.

We provide working capital finance by way of cash credit or loans suitably structured for the transporter to fund day-to-day operations like fuel, tyre replacement, repairs, salary, maintenance, etc.

Features & Benefits:
Loan amounts from Rs 2 Lac onwards
Easy Documentation
Fast Processing
At par cheque facility
Free** outstation cheque collection (non HDFC Bank location cheques will incur a nominal charge).
Cash pick-up and delivery of up to Rs.100,000/- at a nominal cost.
Free funds transfer upto Rs 1 Crore
Internet Banking & Phone Banking Facilities
Multi-Location Banking
**Nominal courier charge
Documentation:
Recent Fleet List
Contract in Hand or Latest TDS certificates
Bank Statements for last 6 months for all primary accounts
Billing Details for the major Contracts
Brief history and profile of Company and its promoters
Audited Financials for last two financial years.
Latest Debtors statement with ageing analysis
Sanction Letter of an existing bank limit (if any).
Any other documents as required by the bank at a later stage.
For more details, write into us at Commercial Vehicles Sales Co-ordination or Monisha Rajani
 
Working Capital Finance
Cash Management Services