Agri Enterprise Loan - Agri & Rural

Features

In case of a borrower having a corporate tie-up, Margin for Working capital Cash Credit

• Type of Facility: Cash Credit (CC), Term Loan (TL), Bank Guarantee (BG) and Letter of Credit (LC)

• Additional Facilities for Agri Exporters:
  • Pre-shipment Export Credit/ Packing Credit: RPC/ Pre-shipment Credit in Foreign Currency – PCFC),
  • Post-shipment Export Credit: both in Foreign Currency (FCY) and Indian Rupees.
  • Bill Discounting (BD)
• Quantum of Loan:
  • Minimum: ₹1 lakh
  • Maximum: ₹100 crores

• Interest Rate: Attractive Interest rate starting from EBR

• Margin Term Loans: 10% to 20% depending on the project cost and quantum of loan

• Working capital Cash Credit:
  • Stocks: 20%, Book debts/Receivables: 40% 

  In case of a borrower having a corporate tie-up, Margin for Working capital Cash Credit:

  • Stocks: 10%; Book debts/Receivables: 20%
• Repayment: Maximum 10 years (including moratorium of maximum 24 months.)
• Repayment Frequency: Negotiated Repayment
• For Cash Credit: Tenure: 1 year

  • Repayable on demand

  • to be renewed annually

Documents Required

List is indicative only and may vary based on the projects

• Loan Application along with Photographs
• Income documents (ITR / Projected & Audited Financial Statements etc.)
• Copies of licenses /permissions obtained for running the activity
• Detailed Project Report
• Quotations from approved suppliers for machines /equipment desired to be acquired. Plan of the proposed construction, duly approved by approved engineer.
• Title Deeds
• House / property tax payment receipts.
• Memorandum & Articles of Association. (If applicable)
• Resolution for borrowing sought (If applicable)
• Any other document required/ prescribed by the Bank for such project/unit.

List is indicative only and may vary based on the projects.

Primary:

• Hypothecation of plant, machinery, stocks, receivables, etc. and other movable assets created out of Bank’s finance. Present and Future.

Collateral Security:

• NIL up to Rs. 10 Crores where credit Guarantee Cover is availed.

Without Credit Guarantee Cover:

• NIL for Loans up to 2.0 lakhs.
• For Loans above Rs 2.00 lakhs: Mortgage of SARFAESI Compliant property having market value not less than 40% of the limit sanctioned.

Insurance

• Assets, created out of Bank’s finance must be comprehensively insured till the loan is repaid in full.

FAQs

• For more details, please visit nearest SBI Branch.