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Bank of India

STAR CHANNEL CREDIT

Bank Bank of India
Scheme STAR CHANNEL CREDIT
Description  
Eligibility Sponsoring Corporate can be a Manufacturing Unit, Wholesale Dealer of goods, Distributor of goods, or a Provider of Services. The Sponsoring Corporate should be rated SBS 1-3 and SBS 4-6 (previous rating of ‘AA’ and above).

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·        Facilities to Suppliers and Dealers would be extended based on the referral of the Sponsoring Corporate.

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·        Exposure to each Dealer to be based on the referral of the Sponsoring Corporate

 

Rate of Interest & Repayment Suppliers:1% below PLR, Min 10.25% pa. Zonal Managers shall have the discretion to approve a concession of 0.25% (10% floating). Further concession to be approved at HO level.

Dealers:: ROI not below the rate for which the Sponsoring Corporate is eligible for W/C Finance against Book Debts.

Collateral  
Composite /loan Limit  
Margin Nil
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