north-eastern-development-finance-corporaion

Working Capital Loan

Processing Fee -   1% + GST

Interest Rate -   Starts From 7 % p.a.

Working Capital Loan

To provide one time core working capital assistance to deserving units in the form of working capital term loan for existing trading business

 Eligibility

  • Entity - Sole proprietors, Partnership firms, LLPs, Private Ltd.
  • Business establishment exclusively based in North East India
  • Applicable for existing business only

  • Photo identity and Address proof : As per RBI defined KYC guidelines.
  • Business Proof : Trade License/MOA & AOA/GST Registration/ITR, Partnership Deed etc. as per applicability.Trade License/MOA & AOA/GST Registration/Income Tax Retrun, Partnership Deed and other documents as per applicability.
  • Additional documents may be collected during the loan application process as per actual requirement.

 Key Features

Rate of Interest

Starts from 8 % PA

Repayment

Upto 84 Months

Nature of Assistance

Term Loan

Upfront Fee

1 % of the Term Loan

 Security

  • Hypothecation of current assets of the unit.
  • Personal Guarantee of the Promoter(s)
  • Corporate Guarantee of Group companies, if applicable
  • Additional security as per availability.

 Other Terms & conditions

  • Extent of Assistance: Maximum 75% of the project cost as Term Loan.
  • Promoter’s Contribution : Minimum of 25% of the Project Cost.

Key Area

Wholesale

Retail

Trading

Interest calculation on Reducing Balance

No Detailed Project Report required upto loan amount 25 lakhs

North Eastern Development Finance Corporation Limited.
NEDFi House, G. S. Road, Dispur, Guwahati
Assam Pin - 781006

© Copyright NEDFi, 2021