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Warehouse Receipt Finance @7.20% Onwards

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Warehouse Receipt Finance
Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month)
Bank of Baroda
7%
0.50%
5000
12
Bank of India
9%
0.50%
5000
12
Bank of Maharashtra
9%
0.50%
5000
12
Canara Bank
9%
0.50%
5000
12
Indian Bank
7%
0.50%
5000
12
Indian Overseas Bank
9%
0.50%
5000
12
Karnataka Bank Ltd.
9%
0.50%
5000
12
Punjab & Sind Bank
7%
0.50%
5000
12
Punjab National Bank
7%
0.50%
5000
12
State Bank of India
7%
0.50%
5000
12
UCO Bank
9%
0.50%
5000
12
Union Bank of India
7%
0.50%
5000
12
United Bank of India
9%
0.50%
5000
12
Bank Name Min Interest Rate
Bank of Baroda

7%

Bank of India

9%

Bank of Maharashtra

9%

Canara Bank

9%

Indian Bank

7%

Indian Overseas Bank

9%

Karnataka Bank Ltd.

9%

Punjab & Sind Bank

7%

Punjab National Bank

7%

State Bank of India

7%

UCO Bank

9%

Union Bank of India

7%

United Bank of India

9%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Warehouse receipt financing Eligibility Criteria?

Warehouse facilities aid to get quick access to liquidity, Traders engaged in commodities able to get warehouse receipt financing against pledging goods carried on warehouse. Suppose the borrower fails to pay-back the loan then, lenders take the inventory & sell in to market to balance the loan amount.

Warehouse receipt financing Eligibility Criteria

Eligibility Criteria depends on several factors like repayment history, business sales/turnover& Creditworthiness ...etc.

  • • Applicant age should in-between 25 – 60 years
  • • (NBHC) National Bulk Handling Corporation
  • • (NCML) National Collateral Management Services Ltd
  • • Edelweiss Agri Value Chain Ltd (formerly Edelweiss Integrated Commodity Management Ltd (EICML))
  • • Staragri Warehousing & Collateral Management Ltd
  • • Navjyoti Commodity Management Services Ltd)
  • • Shree Shubham Logistics Ltd, LTC Commercial Co Pvt Ltd
  • • Credit score must be above 750
  • • Resident of Indian

Note: - You can avail up to 1 Cr as a maximum loan amount.

What are the factors generally affecting Warehouse receipt financing Eligibility Criteria?

There are top factors that generally affects Warehouse receipt finance eligibility criteria as given below: -

Low business ventage- Lender check years of business continuity as to measure the creditworthiness of company existing performance. Generally, for availing this type of facility 3 year of business continuity required. Due to low business ventage your chances get lowered.

NIL Collateral- If you have low credit score range, then collateral is the essential way to fulfil the requirements, in case you don’t own any collateral/assets to pledge then most probably lender won’t approve your application due to high risk in applicant profile.

What are the ways to increase Warehouse receipt financing eligibility?

To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

Maintain proper credit report: - By maintaining credit report you can be able to enjoy benefits like negotiating interest rates, easy approval of credit & loan. Just you are required to pay bills on time as it aids to increase credit score as well as eligibility.

Clear existing debt before opting for new: - Lender look forward to your application whether you have any existing loan, paying interest for earlier loan will affect new loan application. Hence, try to clear it as much as possible.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. PHOTOGRAPHS 2
  2. PAN CARD COPY
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR
  3. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  4. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
  4. FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST RETURN LAST 1 YEARS
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH CACERTIFIED
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEARALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
  3. ADDRESS PROOF – COMPANY AND DIRECTORS
  4. LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  7. 1 YEAR GST RETURNS
  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

What are the mandatory documents required?

  • 2 Passport sized photographs
  • Latest 1 year Bank Statement
  • Office address proof
  • Land documents
  • Personal identity & residential proof

What will be the maximum loan amount for Warehouse Receipt Finance?

There are various factors that determine maximum loan amount, in case-to-case things get varied.

Who are eligible for Warehouse Receipt Finance?

  • To know your eligibility, you need to check the common eligibility criteria of warehouse receipt finances: -
  • Minimum 3 years of business vintage
  • You must be resident of Indian
  • Promoter should have good credit history
  • Applicant must be a trader, processor or farmer

How much processing fee will be charged for Warehouse Receipt Finance?

Usually, Lender impose an fee for processing loan applications which would be 0.50% - 2% of total loan amount vary from banks to banks.

How much credit score required for Warehouse Receipt Finance ?

For getting Warehouse Receipt Finance you must have credit score above 750 as much as the higher credit score is that much possibility of getting loan increase with that it also provides you the benefit to negotiate better rates & terms.

What are the benefits of Warehouse Receipt Finance?

  • Loan at competitive Interest Rates
  • Quick access to liquidity
  • Flexible tenure facility

What is Warehouse Receipt Finance?

Warehouse Receipt Finance help in reducing tense of finance, pledge your Warehouse Receipt to get instant access to liquidity.

Related Topics

credit-report
business Credit Report
Improve Credit Report
Get Financial Statement

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