- Working Capital Loans
- Long Term Loans
- Loan against warehouse receipt.
Working Capital Loans:
KCIBL Rural, Microbanking and Agribusiness Group (RMAG) offers Overdraft and Cash Credit facility to traders, processors, transporters, aggregators etc. in the Agri-sector.
Products offering Working Capital Loans are:
- Smart Cash Credit (SCC).
- Agri Credit Line (ACL).
- Jet Overdraft.
Smart Cash Credit (SCC):
- SCC is a financial assistance to large agri and rural enterprises for the working capital needs of the businesses with hypothecation of stock & debtors and supported by property as collateral security. Smart CC has a range of products like Cash Credit, Letter of Credit, Bank Guarantee, Term Loans,Export Packing Credit (EPC) etc.
Features: - Limit: Minimum Rs. 25 lakhs, maximum Rs. 20 crores.
- Product range: Cash Credit, Term Loan, Letter of Credit, Bank Guarantee,Export Packing Credit (EPC) etc.
- Tenure: Cash Credit for 12 months, Term Loan up to 5 years, Letter of Credit/ Bank Guarantee for 12 months.
- Security: Charge on current assets i.e. stocks and debtors supported with commercial / residential property.
- Repayment: For Cash credit, the interest on the outstanding loan amount is payable monthly, term loan is repaid as per fixed EMIs.
- Repayment Mode: Through regular transactions in the account.
- Renewal of the account depends on maintenance of good track record and submission of fresh financial documents
Agri Credit Line (ACL):
Agri Credit Line is the financial assistance to rural enterprises in the form of overdraft based on property & income. The borrower can avail OD facility upto 5 crores and the interest will be charged only on the utilised amount.
Features
- Limit: Minimum Rs. 10 lakhs, maximum Rs. 5 crores.
- Tenure: The overdraft term is 12 months and is renewable.
- Security: Self-owned residential /commercial/ industrial land or property.
- Repayment: For overdrafts, the interest on the outstanding loan amount is payable monthly.
- Through regular transactions in the account.
- Renewal of the OD account depends on maintenance of good track record and submission of fresh financial documents.
Jet overdraft:
Faster and quicker overdraft facility for business needs based on income, secured with property
Feature
- Limit - Minimum Rs. 10 lakhs to Maximum Rs. 65 lakhs.
- Faster and quicker.
- Security: Facility against Residential Property/ Commercial Property / Industrial property.
- Interest charged only on amount used.
Long Term Loan(RBTC+)
KCIBL Long Term Loan (RBTC+) facilitates obtaining a loan of up to Rs. 3 crore against your residential/commercial property. Contact our sales team or branch to empower your business with Long Term Loan (RBTC+).
Benefits :
- Unlock the hidden value of your property Attractive interest rates.
- No fees on part payment.
- Insurance options for your loan at attractive premiums.
- Easy documentation and speedy processing.
- Doorstep service.
Loan against warehouse receipt
KCIBL Rural, Micro banking and Agribusiness group caters to the financial needs of those involved in the commodities business, such as farmers, traders, processors and aggregators. A credit line of up to Rs. 200 million is offered for agricultural operations with agricultural commodities as securities, including those maintained in demat form.
Features
- Limit: Maximum of Rs. 200 million. The limit is assessed on the basis of financial parameters and proof of dealing in commodities.
- Tenure: Maximum of 12 months. The tenure of each tranche varies from 3 to 12 months depending on the commodity financed.
Benefits
- Speedy loan sanction and disbursement with minimum documentation.
- No additional security other than Agricultural commodities.
- Attractive rate of interest.
- Speedy release of commodities after repayment of dues.
- Loans available at non-branch locations also.
- Loans extended in government/private warehouses.
Loan Disbursement Procese
- Please contact our Warehouse Marketing Agent (WMA) or Relationship Executive (RE) or Area Sales Manager (ASM).
- Submit the requisite documents.
- The limit is then set up on the basis of your eligibility.
- Stock the commodity in the designated warehouse and submit warehouse receipts along with disbursement documents to KCIBL.
- Loan is disbursed after the Bank inspects the stock.
