KVB Timber Plus
KVB offers a unique product, tailor-made to suit the trade requirements of the timber industry. Working Capital - both fund and non-fund based are available at competitive interest rates and margin.
- OCC / SOD facilities are available.
- Issued mainly to meet the working capital requirements.
- Tailor-made to suit the needs of Timber industry.
I.Working Capital - Fund based
|Tenor||Valid for 12 months and renewable on a yearly basis.|
|Guarantors||Proprietor / Partners / Directors/ Title holders of the property given as security and Husband of Proprietrix / Lady Partners.|
II. Working Capital - Non-fund based
|Purpose||For Working Capital requirements.|
|Margin||15% cash margin|
|Usance Period||180 days for FLC and 120 days for ILC.|
|Guarantors||Proprietor / Partners / Directors / Title holders of the property given as security and Husband of Proprietrix / Lady Partners.|