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  #1  
September 26th, 2016, 09:37 AM
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CC Limit in SBI

Hello sir, can you please tell me the Maximum and Minimum Limit of the Cash Credit for Transport Plus of SBI so will you please tell me about this to me??
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  #2  
September 26th, 2016, 10:42 AM
Super Moderator
 
Join Date: Mar 2012
Re: CC Limit in SBI

Hey!!! Maximum and Minimum Limit of the Cash Credit for Transport Plus of SBI is

Minimum Rs. 10 lacs and maximum Rs. 10 crores for Corporate

Purpose of Transport Plus


To finance new trucks/tankers/trailers/tippers/luxury buses and Car etc and WC finance against receivables


Eligibility Criteria

Profit making Corporate / Non-corporate (surface transport operators) owning more than 10 well-maintained vehicles (including the proposed).


Type of Facility


(i) Term Loan and
(ii) Cash Credit limit to finance receivables.



Repayment
Term Loan: Maximum 5 years.



Margin

Term Loan and C.C: 20%

Eligible amount of finance

Term Loan:Cost on Road i.e. Billing price of the vehicle + Cost of body building + Road Tax & Insurance

Cash Credit : 80% of receivables.

Prepayment

Term Loan: Maximum 1% p.a. on the pre-paid amount, for the residual period.


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