Vyapari Sahakari Bank Maryadit, Solapur

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Warehouse Receipt Loan

The scheme is being extended to Traders/owners of goods/manufacturers for own processing against Warehouse Receipts issued by CM/CWC/SWC with whom we have tie-up be eligible for WHR finance.

Prerequisite Rules
Loan Limit Maximum Limit upto Rs.300 Lakhs.
Repayment The loan should be liquidated as and when the produce is sold during the validity period not exceeding 12 Months.
Pre-Payment Penlty Nil
Interest Attractive rate of Interest.
Margin Applicable from Time to Time
Rate of Calculation Interest calculation on daily reducing balance.
Purpose For Traders/owners of goods/manufacturers for own processing against Warehouse Receipts
Security Pledge / Hypothecation of underlying stocks for which WHR has been issued by the CM/CWC/SWC with lien marked in favour of Bank.
Collateral Personal Guarantee of partners / directors, wherever applicable.
Guarantors Min Two Guarantors is required.
Shares Contribution Shares @ 2.5% of Sanction Limit.
Charges Applicable as per chart
Processing Fess As per rate chart of Bank + applicable G.S.T
Eligibility Traders /owners of goods /manufacturers for own processing against WHR issued by CM/CWC/SWC.
Documents Required
  • Loan application
  • PAN Card, Address Proof, latest Photograph, of the Applicant and Guarantors.(KYC of Borrower & Guarantors)
  • Warehouse Receipts issued by CM/CWC/SWC.
  • In case of Businessman :
  • Proof of Business ( Shop Act, Food & Drugs License etc. as per applicability)
  • Last 3 years ITR, P& L A/c , Balance sheet (Audited)
  • Last 6 months bank statement of business.
  • Insurance : Insurance cover of Vehicle as per bank’s policy.
  • Any other documents as required by the bank at later stage.
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    *Conditions Apply. * For More details Please Contact Nearest Branch