Godavari Urban Multistate Credit Co.- Op. Society Ltd; Nanded

EMI

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Features of Warehouse Loan

Warehouse loan is a form of inventory financing that involves a loan made by a financial institution to a company, manufacturer, or processor. Existing inventory, goods, or commodities are transferred to a warehouse and used as collateral for the loan.

Tenure is 1 year

No processing Fees

ROI 14%

Aspects

Maximum loan limit is up to 60% to 70% of goods valuation.
High financing.
Maximum Loan tenure is 1 year (season-wise)
No guarantors.
Pre-Payment Penalty : 2% Penalty charges.

ROI & Handling Charges

Rate of Interest is 14%.
No processing Fees.
No Handling Charges.

Eligibility

Age = 18 to 55years
Proprietary and partnership firms
Individuals / Farmers

Documentation & Security

In case of new customer, applicant & guarantors need to open savings / current account
Duly filled form with :
- Income Proof of Applicant
- Residential Proof of Applicant
- PAN Card of Applicant
- KYC of Applicant
Ware house receipt

Share Holdings

Nominal membership.

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GODAVARI URBAN MULTISTATE CREDIT CO-OPERATIVE SOCIETY LTD, NANDED is an autonomous association of people united voluntarily to meet their Mutually Social, Economical, Cultural, Professional and Personal Aspirations.