Nagarik Sahakari Bank Ltd., Bhiwandi offers *Hypothecation Loans* to meet the working capital and business growth requirements of traders, manufacturers, professionals, and service providers. Under this facility, borrowers can obtain finance by hypothecating movable assets such as stock-in-trade, raw materials, finished goods, receivables, or other current assets, while retaining possession of the goods.
Key Features
► Finance against hypothecation of movable assets
► Suitable for business working capital needs
► Flexible loan limits based on business turnover and asset value
► Competitive interest rates
► Simple documentation and quick processing
► Renewal facility subject to satisfactory account conduct
Purpose of Loan
► Purchase of raw materials and stock-in-trade
► Meeting day-to-day business expenses
► Financing receivables and operational requirements
► Supporting business expansion and seasonal needs
Eligibility
► Traders, manufacturers, MSMEs, professionals, and business firms
► Proprietorships, partnerships, and eligible companies
► Applicants with satisfactory banking track record and repayment capacity
Security
► Hypothecation of stock, book debts, or other movable assets
► Additional collateral or personal guarantee, if required by the Bank
Repayment
► Repayment as per agreed terms through cash credit or overdraft limits
► Interest applied on utilized amount only
