TJSB CC Pledge Facility Against Warehouse Receipts (WHR).
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CC Pledge Facility Against WHR
The bank is providing 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).
Attractive Rate of Interest .
**"Conditions Apply. Loan at sole discretion of the Bank”
Type of Loan :
Loan Amount :
Need based– within the banks exposure limit.
As per Bank’s policy from time to time.
- Repayment :
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.
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.