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)
logologo

    Last Update: 18/07/2024 06:22

    logo
      • Copyright © Soneri Bank