TJSB CC Pledge Facility Against Warehouse Receipts (WHR).

A commodity finance against Pledge of Warehouse Receipts (WHR) under tie-up arrangement with National Collateral Management Services Ltd. (NCMSL) and National Bulk Handling Corporation Ltd. (NBHCL).

All you need to know

  • Type of Loan: Cash Credit.
  • Purpose: Working Capital
  • Loan Amount: Need based– within the banks exposure limit.
  • Margin : As per Bank’s policy from time to time.
  • Repayment: On demand.
    Each drawal to be repaid within maximum 9 months. (renewable every year)
  • Rate of Interest : Linked with PLR As per Bank’s Credit rating.
  • Borrower
    Having established in the same line for the past 3-4 years with good reputation in the market & should have dealt earlier in the commodities against which he is seeking finance.
  • Who can borrow
    Individual, Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies trading in agriculture commodities.
  • Security
    Pledge of Stock & Warehouse receipts of approved warehouses. Endorsement of WHR in favor of TJSB Bank Noting lien of the bank on register maintained by NCMSL & NBHCL.
* “Conditions Apply. Loan at the sole discretion of the Bank”

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