RBD Secured OD
RBD Secured OD
| Target Group | All Agro Processing Units, Food Processing Units, Agriculture Infrastructure Development units, Animal Husbandry Infrastructure Development units, Large size Dairy farm and Poultry farm, Tea Plantation Units Other large scale Agri units etc. |
| Eligibility | Existing units with good track record and Fresh units with the limit requirement of more than Rs.10.00 lacs and with satisfactory promotor/s track record |
| Purpose | Working Capital Limit |
| Type of Facility | Fund Based: Secured OD |
| Exposure Ceiling | Maximum: Rs. 2.00 crore |
| Margin/LTV | Minimum: 40% of the Security Value (40% of residual value, if residual value of the security is considered) |
| Repayment | Running limit subject to annual Review/Renewal |
| Rate of Interest | Please refer the Lending Rates link on home page in our Bank’s Website www.indianbank.in. |
| Service Charges | Processing Charges:0.50% of the limit sanctioned.
All Other service charges as per bank service charges circular issued |
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