Urban Traders
Urban trader is a loan product wherein limit is provided to the traders against mortgage of the property.
Type of Facility: Overdraft Limit
Purpose: To fulfil working capital requirement
Eligibility: 1) Individuals /Units engaged in any commodity/goods and physical required by the community and trading in them is not prohibited by Law or opposed to public interest.
2) Business unit should be profit making for the last two years
Limit Size: Minimum 500000.00
Maximum 20000000.00
Rate of Interest: 9 TO 12% based on credit rating