Loan for Warehouse

Individual farmer, partnerships and limited companies can avail this warehouse loan. The eligible commodities are soybeans, cotton, mustard, maize, wheat, sugar, paddy, cashew, castor, chilli and turmeric.

Benefits of Loan for Warehouse

The benefits of the loan for warehouse are as follows:

1. The documentation is limited and the loan is sanctioned quickly.
2. You can avail attractive interest rate.
3. The release of the commodity is quick after the paying the dues.
4. The loans will be available for non-branch locations as well.
5. The loan is provided for government or private warehouse.

Loan disbursing process

You need to contact the sales manager of the financial institute that you wish to take the loan from. Then you have to submit all the necessary documents and the limit on the loan is set based on your eligibility to repay the loan. The loan is then disbursed after the bank inspects the stock.

Loan amount

Farmers can get a minimum of Rs.25,000 and a maximum of Rs.10 lakhs. Traders get a minimum of Rs.25,000 and s maximum of Rs.5 crores. Processor get minimum of Rs.10 lakhs and a maximum of Rs.100 crores.

Interest rates of Loan for Warehouse

The mean interest rate for the farmers is 11.18% and for non-farmers it is 11.28%.

Fees and charges

Processing fee of up to 1% is charged on each disbursement of the loan. Collateral management charges are applicable for private warehouses. Other charges include, statutory charges, stamp duty on documentation, monitoring and inspection charges, quality checking charges as applicable.

Documents required for Loan for Warehouse

You will be required to submit the following documents:

1. Pre-approved documents
2. Copy of land document
3. Address proof
4. Photo ID and signature proof

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