Stock Statement Format Of Central Bank Of India

hii sir, I wants to know what is format of the Stock Statement format of for applying a loan in the Central Bank Of India ?

[Shaleen]

As you asking for the Stock Statement format of for applying a loan in the Central Bank Of India the details of the Fromat are as follow:


Eligibility:

All types of Traders including Retailers and Distributors.


Facility and Amt. of Finance

Cash Credit against paid Stock and Receivable upto 90 days) up to a Maximum of Rs.20.00 Lakh per borrower.


Margin

A minimum margin of 25% on stocks and 50% on Receivables (upto 90 days) should be maintained. For limits up to Rs. 5.00 lakh margin of 25% should be kept on the combined value of stock and sundry debtors less sundry creditors. No Drawing Power is allowed on Receivables beyond 90 days.


Security

Primary : Hypothecation of stocks and book debts wherever book debts are taken in to account for arriving at drawing power.



Collateral : EM of land and building value of which is

At least equal to limit sanctioned in case of limit/loan up to Rs.10 lakh.
At least 133% of sanctioned limits in case of limit/loan above Rs.10 lakh.

The Property should be self-occupied or vacant non- agricultural property.



Repayment
Repayable on demand - to be reviewed / renewed every year.


Inspection Charge
Rs.1000/- per Inspection for any loan amount.

for more details you may contact to the Central bank of India on their Customer care number the number is as follow : 1800 200 1911