COMMODITY FINANCE AGAINST AGRICULTURAL COMMODITIES
Offering credit facility to increase the holding capacity of farmers
For success in business, financing is a prime factor. Trust YES BANK to offer you customized loan products for the purchase of Commercial Vehicles & refinance product for working capital needs.
Ideal for Farmers, Agri intermediaries, Processors, who are owners of Agriculture Commodities.
Facilitates better income for farmers by enhancing their holding capacity through timely availability of credit facility and Offering credit facility to increase the holding capacity of farmers and meeting peak level Working Capital requirements of Agri Value chain participants.
Speedy loan sanction within 1 day for cases up to Rs 2cr
Simpler assessment and faster turnaround time
Longer tenure of Credit facility extending up to 12 months based on commodity shelf life
Prompt customer services through our specialized officers at each location
Processing fees: up to 1% of processing fees to be charged on every disbursement as agreed by the customer.
Collateral Management charges: Maximum of Rs. 35,000 per month or 1% per annum of the total o/s (whichever is higher) towards commodity monitoring charges as applicable for private warehouses.
Other charges including but not limited to statutory charges, such as stamp duty on documentation, Insurance (if applicable), Monitoring and Inspection Charges and Quality checking charges and Incidental Charges (if any) etc., as applicable, and any other charges as communicated to the customer from time-to-time by Yes Bank are payable by the client.
In case of late repayment, penal interest @ ROI + 4% p.a. will be levied and collected.
View our hosts of other benefits:
More than 60 Agri-commodities financed across 163 locations PAN India.
Quick loan processing and disbursement with minimal documentation
Attractive Rates of Interest
Speedy release of commodities after repayment of loan
Helps avoid distress sales, neutralizes the seasonality in commodity prices
No additional security other than Agricultural commodities
Loans extended in government/private warehouses/ Exchange Accredited warehouses/ WDRA Accredited warehouses
Provides funding in Physical /Electronic (Demat) Receipts/ Electronic Negotiable warehouse Receipts (e-NWR).
Warehouse Receipts are fetched directly to loan disbursement software on real time basis from Collateral Managers.
Disbursement of loan is fully digitized.
Customer interface through MSME App for submitting various operational documents during disbursement of loan and release of stocks.
Q. Who is eligible for this loan?
A. Farmers will receive maximum amount up to INR 50 lakhs. For others, the amount will depend upon their creditworthiness and financial stability.
Q. What is the collateral for this Agri loan?
A. You have to pledge Agri commodities to the bank in order to avail the loan.
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