#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
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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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