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Warehouse Receipt Finance
We provide loans to borrowers against the security of goods stored in a warehouse. In this type of financing, the borrower pledges the warehouse receipt issued by the warehouse keeper as collateral for the loan. The goods stored in the warehouse serve as the underlying security for the loan.
The loan amount is based on the value of the goods stored in the warehouse to provide businesses with the necessary funds to bridge the gap between when they store their products and when they are sold.
The loan amount is based on the value of the goods stored in the warehouse to provide businesses with the necessary funds to bridge the gap between when they store their products and when they are sold.
- Liquidity for farmers
- Low-interest rates
- Reduced post-harvest losses
- Easy to qualify
- Convenient and flexible
- Processing fees - 1.10% + GST
Simple Eligibility
This secured loan allows traders, farmers, and manufacturers to obtain funds by using their stored goods as collateral. This type of financing is ideal for those who require short-term financing. Warehouse Receipts must be issued by Collateral Managers (C.M.) with whom the bank has an arrangement.
Fulfil your Purpose
This loan scheme provides an opportunity for farmers, traders, owners of goods, and manufacturers to avail themselves of financial assistance for their own processing. The loan facility is available in the form of either a Demand Loan or a Revolving Demand Loan, providing flexible financing options to the borrowers.
We will require one proof of identity in the form of a passport, voters ID card, driving license or PAN Card, one address proof in the form of a ration card, telephone or electricity bill and lease agreement, trade license, proof of warehouse receipts issued by CM, post-dated cheques, recent passport size photograph, financial statements (for advance above Rs. 50 lacs), Gumasta/GST documents (for Advance above Rs. 50 Lacs), other additional documents shall be required depending upon the facility and exposure.
The loan facility is available in the form of either a Demand Loan or a Revolving Demand Loan, providing flexible financing options to the borrowers. The loan amount under this scheme is tailored to meet the financing requirements of the borrowers and is determined based on their eligibility which ranges from 60% to 75%.
The repayment tenure is flexible, ranging from 3 to 12 months, with a bullet payment option. The margin required is dependent on the market price and facility and can range from 30% to 40%. The loan carries a competitive interest rate of 10.50%.
A processing fee of 0.20% + GST is charged for availing of this loan. In addition, we require the pledge of underlying stocks for which Warehouse Receipts have been issued by the Collateral Manager, with a lien marked in favour of the Bank as the primary certificate of security.
A personal guarantee of the partners or directors may also be necessary in certain cases.