KBL Commodity Pledge

Eligibility Criteria:

• Individuals, HUF, Partnership firm, Company and any other legal entities engaged in trading/processing of agricultural commodities for at least 3 years.

Purpose:

• For financing to traders and millers against pledge of their agricultural commodities purchased/processed by them (paid commodities) and stored/kept under Collateral Management arrangement.

Amount of Finance:

• Up to 70% of the value of the produce kept in cold storage/ Warehouse/Godown.
• Maximum loan - ₹200 lakh & Minimum loan - ₹10 lakh.

Maximum period of Loan:

• Based on the shelf life of commodity as decided by the holder of the commodity.
• The period of loan shall be 3 months less than the validity period specified in the storage receipt or 12 months, whichever is less.

Security:

• Pledge of the agricultural goods by way of deposit of original Storage Receipts, evidencing the stock of specified produce, issued by the empanelled Collateral Managers.

Repayment:

• Lump sum before due date or at the time of release of pledged goods, whichever is earlier.
• Monthly interest is to be recovered as and when debited.

Rate of interest:

As per MCLR guidelines

• View Latest Rate of Interest

The above information is subject to terms and conditions.For more details, please contact the nearest Branch