Get Loan against Commodities stored in Warehouses at attractive interest rates with speedy processing
- Loans depending upon your needs and eligibility.
- Loan against wide range of commodities.
- Supervision of empanelled Collateral Managers of HDFC Bank Ltd.
- Attractive interest rates.
- Funding extended against commodities stocked in a range of different warehouses/godowns.
- Stock Insurance Cover - Stock insurance facility for stocked commodities.
- Customer enabled first ever Mobile application for pledge transaction
- Repayment available in parts.
Farmers/traders storing produce in warehouse/cold storages against pledge of Warehouse/cold storage receipt.
- Quick Loan Process.
- Competitive pricing – Attractive Loan Rates & Charges.
- Transparency –No hidden charges with complete clarity and update at each step.
- Pre-approved documents
- Copy of Land document (in case of Farmers)/Firm latest Financial statement
- Last Six months bank statement
- Any other document as per bank discretion on case to case basis
- 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)
- Complete application form along with annexure (duly filled and signed by the customer).
- Copy of KYC - Know your customer. KYC is a form which will let the bank know who its customer is, his/her address and his/her financial and occupational status.
- Copy of land document.
- All documents should be self-attested by applicant/borrower.
Traders, Processors and Farmers can now view and manage their Pledge transactions from their smart phones anywhere and anytime !
Some of the salient product features are:
- Secured authentication and login process.
- Apply Pledge Loan Against Warehouse Receipt
- Initiate Loan repayment and Stock release
- Initiate Warehouse Addition Request
- OTP based approvals provide high security to Transactions
- View Margin /M2M Calls for the Stock
- Download historical Loan Statements
- View real time Loan Outstanding Details
Click Here to Download App