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.
Charges | Current Charges |
Processing Fees | Upto 1% (plus taxes) of the facility amount or Rs 7500/- (plus taxes) whichever is higher Rs 5000/- (plus taxes) will be collected upfront as non-refundable administrative cost towards the legal and valuation expenses incurred prior loan sanction. For Shopkeeper Loan (unsecured): Upto 2% (plus taxes) of the facility amount. No Processing Fee & Renewal Fee will be charged for the cases worth CAM value upto Rs.5 lacs. |
Renewal Fee | Upto 1% (plus taxes) of facility amount. |
Stamp Duty & other statutory charges | As per actuals which are applicable in laws of the state |
Issuance of No Due Certificate / No Objection Certificate (NOC) | No charges for original however for duplicate NOC, Rs 250/- (plus taxes) are applicable. |
ROC filling charges (On customer request) | Vendor professional charges + MCA fees + GST Vendor professional fees of Rs 2250 and MCA fees are as mentioned : 0- 30 days Normal Fees Rs 600 , 31- 60 days bucket Additional Fees Rs 4200/-, 61 to 120 days Advalerom Fees 0.05% of Exposure Amount Plus 18% GST on professional fees Customers may also avail services of other vendors as per their convenience. |
Issuance of Solvency certificate | 1% of the solvency certification value subject to minimum of Rs 1,000 (plus taxes) and maximum of Rs 25,000 (plus taxes) |
Commission on LC/BG issuance | Upto 1.8% on LC/BG Amount (plus taxes) |
Service Charges - for processing Physical Stock Statement. | Rs. 500 for every physical stock statement collected or submitted. (Stock statement submitted digitally i.e. through email/Online will not attract any charges) |
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.q. Cash Credit / Overdraft etc.) or Rs. 5,000 plus taxes as applicable, whichever is higher |
Stock Audit Charges | For Sanctioned Limits upto Rs. 5 Crs: Rs.8,000/- plus taxes as applicable For Sanctioned Limits above Rs.5 Crs: Rs.12,000/- plus taxes as applicable **For the customers having multiple locations, stock audit charges to paid/recovered according to the number of visits to factory, office, godown etc. |
Commitment Charges | if Average Utilization>= 60% then no charges, If Average utilization is < 60% then 0.50% per annum on the difference between actual utilization and expected average quarterly utilization i.e. 60%. These Charges will be levied on a quarterly basis (plus taxes) Applicable only for CC/OD facility |
Late payment penalty on delayed payment of EMI- Term Loan | 24% per annum (plus taxes) on the overdue EMI amount |
Legal / Valuation | Upto Rs. 20,000/- (plus taxes) Per property will be collected towards the valuation expenses and up to Rs. 7500/- (plus taxes) Per Property towards legal expenses. |
EMI bounce charges for term loans | Rs 550 (plus taxes) Per EMI bounce |
Cersai Charges for creation / modification of security interest on collateral securities. | Rs. 500 +GST |
Takeover charges | Up to 4% of loan Principal outstanding for Term loan and 4% of the sanctioned amount for Working Capital Facility (plus taxes). Micro & Small Enterprises as defined under MSMED Act 2006 are exempted irrespective of the limits/out standings. However, if a loan is taken over by other Banks/FIs, up to 2% takeover charges will be applied |
EMI bounce charges for term loans | INR 450 (plus taxes) Per EMI bounce |
Late payment penalty on delayed payment of EMI- Term Loan | 24% per annum (plus taxes) on the overdue EMI amount |
Penal charges on customer exposures, overdue for renewal of credit facilities | 0.075% fortnightly |
Penal charges for customers not submitting the Letter Acknowledging their Debt (LAD) | @18% from the date of LAD overdue, subject to a minimum of Rs.2500 per month. |
Incremental charges on Temporary overdrafts (TOD) | 18% p.a. on TOD amount availed for the days, TOD is used. |
Non-Submission of property/stock/Plant & Machinery insurance | 0.075% fortnightly |
Non-Submission of stock statement | 0.05% of DP per Month |
Maintaining Current Account with Other Bank while facility is granted under Sole Banking (Applicable where specific permission is not taken by the customer) | 0.075% fortnightly |
Not complying with documentation for the credit facility. | 0.075% fortnightly |
Intra-Day Peak utilization charges | EEG/RBG – Nil BBG/HCF - 18% per annum on the excess utilization over and above the set limit. |
| Additional Interest | Charged @ 18.00% p.a. for overdue / delay / default of any monies payable Loan at the sole discretion of HDFC Bank Ltd. * Floating rates are linked to Repo as declared by RBI from time to time. Such loans/ facilities are reset at 3 month frequency |