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Commodity Finance against Agriculatural Commodities

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.

key attractions

IDEAL FOR AGRI VALUE CHAIN PARTICIPANTS

Ideal for Farmers, Agri intermediaries, Processors, who are owners of Agriculture Commodities.

CREDIT FACILITY

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.

features and benefits

Quick saction

Speedy loan sanction within 1 day for cases up to Rs 2cr

Quick Response

Simpler assessment and faster turnaround time

Longer tenure of Credit facility

Longer tenure of Credit facility extending up to 12 months based on commodity shelf life

Prompt customer services

Prompt customer services through our specialized officers at each location

Charges

  • 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

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.

 

Penal Interest

In case of late repayment, penal interest @ ROI + 4% p.a. will be levied and collected.

other benefits

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.

 

  • Maximum Rate of Interest applicable to the facility is
    Yes Bank-MCLR or EBLR+6% plus applicable interest tax or other statutory levy, if any which may vary from minimum 9% to 11.5% as per the customer profile, rating and creditworthiness.
    Final applicable rate is decided by Yes Bank based on various other parameters as per the policy of Yes Bank and will be communicated to the customer upon sanction of loan, subject to a minimum of Yes Bank-MCLR/EBLR.

     

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Have any other query?

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.

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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.

VIEW ALL FAQs
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