|Bank||Bank of India|
|Scheme||STAR CHANNEL CREDIT|
|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).
· Facilities to Suppliers and Dealers would be extended based on the referral of the Sponsoring Corporate.
· 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.
|Composite /loan Limit|
|Detail Link||View Link|