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Home > Loans & Advances > Special Deposit Scheme
 LOANS & ADVANCES
 Secured Overdrafts
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Secured Overdrafts

Expand your business reach by utilizing this running overdraft facility to meet the working capital requirements of your business for day-to-day business operations against the stocks / immovable properties that are viable to be considered as security according to the Bank's guidelines. This facility is provided to trading firms, manufacturing units, processing units, transport operators, hospitals, hotels, restaurants, small and medium business entities, wholesalers / small retailers, etc. Benefits include quick processing, personalized service and convenient documentation.

  Security
Primary Security: Stock of raw materials, finished products, work in progress, machinery, equipments, consumables, receivables, etc.
Collateral Security: Immovable properties like Land and Building, House properties open plots, industrial sheds, duly registered with Sub Registrar Office and with building permission from the competent authorities
  Limit Eligibility
Working capital limits are assessed based on:
20% of projected sales of the concern during the next one year.
75% of the working capital gap of the concern.
50% of the security offered including movable and immovable assets.
  Facilities
Cheque Book facility at a reasonable charges.
SMS Alerts
7 day week banking Sunday Banking (Except on holidays declared under N.I. Act)
Electronic Funds Transfer facility through RTGS / NEFT.
Statement of Account through e-mail for easy and convenient access and reconciliation

Margin
25% of paid up stocks, book debts, consumables and other current and liquid assets.
Period Of Limit
One Year
 
 
The Adarsh Co-Operative Urban Bank Ltd
MPR. Complex, Phase 1, IDA, Jeedimetala , Hyderabad, R.R. Dist., Telangana. Ph : 040-48681111, 23191851, 23191852. Fax : 040-23098833