OverDraft Facility / Working Capital

bridge the gap between cash flow and success.

 

BNB offers a limit-based credit facility to business entities by creating a credit line limit, mainly to meet the day-to-day operating costs. This facility is offered as overdraft facility or working capital (esp. for industries).

Borrowers are encouraged to visit the branch nearest to them to avail this facility.

*Interest Rate

for overdraft facility.

12.75%

Fixed Rate

12%

Floating Rate

*For those overdrafts/working capital converted into a Term Loan as per the request made by a client, the interest rate for the Term Loan shall remain unchanged from that of the original overdraft/ working capital. However, to ease the repayment burden, the tenure of the loan shall be as per the sector’s term loan tenure limits, and the repayment frequency may be monthly, quarterly, or half-yearly.

*Interest Rate

for working capital.

13%

Fixed Rate

12.5%

Floating Rate
Interest Rate

for Business OD against FD.

2% Higher against Term Deposit Rate
Quantum

if you are applying for overdraft or working capital, you should know.

OverDraft and Working Capital

70%

For Overdraft:  Maximum 70% of the Collateral Value.

OR

90% of the Principal Amount of the Term Deposit

70%

For Working Capital: Maximum 70% of Project Assets and Current Assets.

1 Year

Subject to Review / Renewal. 

Eligibility

firms/business entities.

Any firms/business entities with valid trade license. 

Requirements

for overdraft and working capital.

  • CID copy of the applicant and guarantor
  • Recent Passport size photograph of the applicant
  • Ownership certificates of securities offered to bank
  • Copy of Work Order/ supply order supported by relevant pages of the agreement
  • Copy of the Quotation/Invoice
  • Letter of Undertaking from awarding agencies for routing of Bill payment through bank.
  • Copy of valid trade license
  • Statement of stock & book debts debtors (age wise), sundry creditors as on a recent date.
  • Sales and Purchases report for the past 12 months.
  • Income and expenditure / Profit and Loss and Balance sheet for the last two years (preferably audited)
  • Projected sales and purchases for the next 12 months