IDBI OD Account

Hii sir, I Wants to get the Information About the IDBI Bank Loan against Property (Overdraft) Facility ?

As you Asking for the Information About the IDBI Bank Loan against Property (Overdraft) Facility The Information is given below


The Loan against Property with overdraft facility to cater to the need of the business community for meeting their short term working Capital requirements. This Facility will provide the money that is required by the business community for Purchase/Stocking of raw materials, payment of salary, wages, etc and also for financing the gap between the supply of goods & payment of receipts

Features
Loan Purpose:-
Business Finance to
Merchant,
Small and Medium Scale Manufacturers
Service Providers.


Bullet Loan Amount:
Up to Rs.10cr, Loan above Rs.10cr can be provided depending upon individual cases.

Bullet Loan Tenure:
The Facility is repayable on demand and renewable once in a year at the discretion of the Bank. In case of unsatisfactory conduct, bank is at liberty to (a) not renew or (b) recall/reduce the facility.

Processing Fees:
Up to 1% of the loan amount plus service tax as applicable.

__________________
Answered By StudyChaCha Member