Program Credit
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Program Credit
At Ratnakar Bank we understand the financial needs of Small & Medium enterprises and their ambitious plans towards building stronger as well as larger businesses. We offer a host of banking products to meet your financial needs right from your loan requirement, trade finance needs and transaction banking requisites.
Our Commercial Banking unit caters to the business needs of small & medium enterprises, and has been defined as customers (groups) with sales turnover of up to `1000 crores.
Program Credit
Ratna Business
Ratna business is a unique product offering which caters the business needs of a wide spectrum of clients in the manufacturing, trading and service sector.
Features & Benefits
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Loan amounts above `10 Lacs to `1.5 crores
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Attractive rates.
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Simple and easy documentation.
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Faster processing.
Eligibility
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Any Manufacturing, trading / service units having
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Business continuity of 3 years.
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Profits in the last two years.
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Security coverage as per norms.
Documentation
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Bank Statements for last 12 months for all primary accounts.
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Brief history and profile of the company and its promoters.
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Audited Financials for last two financial years.
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Latest Debtors statement with ageing analysis.
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Sanction Letter of an existing bank limit (if any).
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Any other documents as required by the bank at a later stage.
Supply Chain Management
We provide integrated financial solutions to supply and distribution channels of the corporate. Our comprehensive financing solution helps buyers and suppliers raise funds for working capital requirements.
Dealer/Distributor Finance
This product is exclusively designed to provide financing facility to the Dealer / Distributors of a Corporate exclusively for their purchases made from the Corporate.
Vendor Finance
Vendor financing is a product to extend working capital finance to vendors having business relationships with approved Corporate. Through this product we discount the bills drawn by the vendor and accepted by the Corporate. It improves the cash flow of the vendor and helps to improve the overall supply chain reliability of the corporate.
Commercial Vehicle Funding
Funding for new trucks, buses, tippers, Light commercial vehicles (LCV), Medium Commercial Vehicles (MCV) and High Commercial vehicles (HCV).
Features & Benefits
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Attractive rates.
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Simple and easy documentation.
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Quick turnaround time.
Eligibility
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Any Individual, Partnership firm or company.
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Minimum Business experience of 5 years.
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Existing owner of at least 2 vehicles.
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Captive customers, Transporters and Bus operators.
Loan Amount
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The loan amount may vary based on applicant's requirement.
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Funding can be to the extent of 100% of the chassis value; body funding can only be extended on special requirement as per the product norms.
Documentation
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KYC Documents, Latest Photograph.
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Profile of the borrower.
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Audited Financials for last two financial years.
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Trade References.
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Bank Statements.
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Credit References.
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Any other documents as required by the bank at a later stage.
Arthia Finance
Arthia Finance is a unique product offering under Ratna Business which provides finance to the commission agents otherwise known as "Arthias" against the credit extended to farmers for supply of inputs.
The credit is extended by way of cash credit (hypothecation of book debts and assets).
Features & Benefits
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Loan amounts above `10 Lacs to `50 Lacs.
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Attractive rates.
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Hassle free documentation.
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Speedy processing.
Eligibility
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Commission agents with valid license from the Market Yard / Board.
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Business continuity of 3 years.
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Commission agents having credit extended to farmers, operating in mandi's and lending to farmers for the purchase of inputs not more than 6 months old from farmers only.
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Commission agents who have filed their sales tax returns and / or who have audited balance sheets.
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Security coverage as per norms.
Documentation
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KYC Documents, Latest Photograph.
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Profile of the borrower.
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Audited Financials for last two financial years.
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Trade References.
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Bank Statements.
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Credit References.
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Any other documents as required by the bank at a later stage.