hpscb Cash Credit Limit against Hypothecation of Stock/Book Debt /Bills Regular transactions are permitted upto drawing power available.
hpscb Cash Credit Limit against Hypothecation of Stock/Book Debt /Bills EMI Calculator Loan Amount 1L 5Cr Tenure (months) 12 360 Interest Rate 6% 18% Equated Monthly Installment (EMI) will be 8606
HPSCB Loan : Features Regular transactions are permitted upto drawing power available. No over-drawings will be permitted. Personal guarantee of all the directors / partners for limits above Rs 5 lakh The principal place of business should be located in Himachal Pradesh. The applying firm or its proprietor/promoter, Society, LLP or their office bearers should have immovable property in shape of land/building in H.P. Cash credit against collateral security Margin: In case of limits against bills : 30% All other limits : 25% The maximum limit to which a cash credit limit may be considered for sanction, shall be subject to eligibility
HPSCB Loan : Eligibility All individuals/Proprietary concerns/Firms/Companies/Societies/Limited Liability Partnership (LLPs i.e. Small and medium scale Enterprises, Professional Firms, Venture Businesses, Family operated businesses, Information Technology Firms etc) Boards, Corporations etc. Loan Tenure : 3 years subject to annual review.
HPSCB Loan : Interest rates The ROI under the category Board/Corporation/Banks be decided on case to case basis by the ALCO.
HPSCB Loan : Documents Balance Sheet and Profit & Loss statements for last 2-3 years & Projected Balance Sheet for 2 years IT Returns for last 3 years GST Return Trade License Valuation report of stocks Stock Statement KYC documents Partnership deed- in case of partnership firms. Power of Attorney granted to a partner/managers/officers/employee of firm to transact business on its behalf Certificate of incorporation and memorandum & Articles of Association- in case of a company Copy of Work awarded by Govt. in case of contractors. Any other document required by sanctioning authority *Conditions apply
