To pay off the bills raised by the PWD Contractors/ Contractors/ Suppliers / Accredited Agencies of all other Departments/ Institutions / Local state Government Department on Government of Kerala (GOK).
To pay off the bills raised by the PWD Contractors/ Contractors/ Suppliers / Accredited Agencies of all other Departments/ Institutions / Local state Government Department on Government of Kerala (GOK).
Nature of Facility | Working Capital – Bill Discounting For the Branches coming under Trivandrum and Kozhikode Circles. |
Purpose | To pay off the bills raised by the PWD Contractors/ Contractors/ Suppliers / Accredited Agencies of all other Departments/ Institutions / Local state Government Department on Government of Kerala (GOK). |
Target Group |
|
Quantum of loan | No Higher/Lower Ceiling |
Margin | NIL |
Security | Primary: Hypothecation of Book debts. Collateral:
|
Tenability | Maximum of 6 Months from the date of discount. |
Trivandrum and Kozhikode Circles
Minimum ROI: RLLR p.a, Maximum ROI: RLLR+1.55 p.a subject to risk rating and collateral value.
Processing Charges :
50% concession in applicable Processing charges for each transaction with a maximum of Rs.7500/- as under:
Loan amount | Charges* |
Upto and inclusive of Rs.10000/- | Rs.50/- |
Above Rs.10000/- and upto Rs.10 lakhs | Rs.4/- per Rs.1000/- or part thereof with a minimum of Rs.100/-. |
Above Rs.10 lakhs | Rs.4/- per Rs.1000/- or part thereof with a minimum of Rs.4000/- and maximum of Rs.7500/- |
*On applicable charges from time to time.
Processing Charges to be collected upfront from the contractor.