Running Finance
Features
Purpose of Facility |
To meet working capital requirement of the business |
Tenor of Facility |
Maximum period of 12 months on roll-over basis |
Amount of Finance |
Limit will be allocated as per business needs/requirements |
Pricing |
Market competitive pricing will be offered |
Pricing Type |
Floating (Revision will be made according to the benchmark used)
For example: If 3 Months KIBOR is used then revision will be made quarterly, similarly for 6 Months KIBOR revision will be made bi-annually. |
Markup Payment |
Quarterly payments due after the end of each quarter or at the time of complete adjustment of principal liability (whichever comes earlier) |