Arthiyas Plus - Business

Features

• Target Group: Commission Agents/ Arthias engaged in Retail Trade. qualify under SME Car Loan.
• Quantum of loan (Min/Max): 
  • Min: Rs. 10.01 lakhs
  • Max: Rs 5.00 crores
• Margin (%):
  • Stocks: 30%
  • Receivables (not older than 6 months): 40%
• Pricing: Competitive pricing linked to EBLR

• Collateral Security : 125% of loan amount. Only SARFAESI Compliant Commercial and Residential properties shall be obtained as Collateral Security.

• Repayment Period : Repayable on demand or renewable after 12 months.

• Unified Charges (Inspection, Processing, Equitable Mortgage,Documentation Charges) : 

  • A) New Cases: 0.50% of limit sanctioned per annum. (Min: Rs 5,000/- and Max: Rs. 50,000/- plus applicable taxes)

  • B) Renewal at Existing Level: i) 0.25% of limit sanctioned per annum. (Min: Rs. 2500/- and Max: Rs. 25,000/- plus applicable taxes) AND ii) 0.50% on enhanced portion of the limit sanctioned per annum (Min: Rs. 5000/- and Max: Rs. 50,000/- plus applicable taxes) i+ii) Overall cap of Rs. 50,000/- plus taxes