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KVB Textile Plus

KVB Textile Plus is a specially designed loan to help the entities that deal with Textile trade. The companies that do business with Textile products, Handloom products, Yarn traders, Cotton traders, & Deemed manufacturers (buying cloth and adding value by undertaking embroidery work or printing images or artwork, etc.,) with more than two years of profitable operations can avail this loan.

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25% Onwards

Margin

15 Lakhs

Min Loan amount

500 Lakhs

Max Loan amount

Features & benefits

Loan issued to meet the working capital requirements.
Entities dealing in trading of Textile, Handloom products, yarn traders, cotton traders, & deemed manufacturers (buying cloth and adding value by undertaking embroidery work or printing images or artwork, etc.) with more than two years of profitable operations can avail this loan.
Working Capital limits - SOD / OCC.

Charges and Limits

Limit	Minimum of Rs. 15 Lakhs & maximum of Rs. 500 Lakhs.
Margin	SOD - 40% on Primary Security. OCC - 25% on Stocks and 35% on Book Debts not older than 90 days.
Tenor (months)	SOD / OCC - Running account and renewable once in 12 months.
Security	Primary Security: SOD - Equitable Mortgage on Land and / or Building other than agriculture property (with security coverage of 166.67%). OCC - Hypothecation of entire Current Assets including Stocks and Book Debts. Collateral Security SOD - Hypothecation of entire Current Assets including stock and book debts of the borrowers, both present and future. OCC - Equitable Mortgage on Land and/or Building other than agriculture property. Minimum security coverage shall be 75% as per the scheme. However, the branches and DOs shall endeavor to get 100% collateral security coverage.
Guarantor/s	Partners of the firm/ Directors of the Co / Title holders of the immovable property given as security and Husband of Lady Guarantors / Proprietrix / Lady partners.