SCHEME FOR FINANCING TO PETROL PUMP DEALERS

Must Say: Exclusive scheme for Petrol pump dealers with simple and hassle free
appraisal. Low Margin. Cash credit as well as OD facility allowed.

Scheme Financing To Petrol Pump Dealers

Purpose To meet working capital requirements of petrol pump dealers for running
the Petrol Pumps
Eligibility Petrol Pump Dealers
Statutory clearance from different Government Departments is ensured
e.g. Fire Department/Pollution Control Board etc.

Loan Amount - - Max Rs. 50 lacs.

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Margin Nil upto Rs. 25000/-

25% above Rs. 25000/-
Type of Security Primary: Hypothecation of assets created out of bank finance

Collateral: -Collateral security by way of immovable property valued at

100% of the loan amount OR the collateral securities in the form of liquid
assets like KVP , IVP, NSC, FDR, Govt. security etc. with face
value not less than 75% of the loan amount.

Repayment Period On Demand

Rate of Interest Base rate plus 2.50% to 3.00% i.e. 13.00% to 13.50% per annum
(Base rate 10.50% w.e.f. 17.08.2011)

FAQs What type of facility can be granted?

Only working capital facility allowed no Term Loan.