Traders in Agri Commodities

We at Equitas Small Finance Bank realize the contribution of Agri-value chain participants in bridging the link between farmer and consumer. Unieq Comtrade is a product designed to meet their capital expenditure as well as working capital requirements; both fund and non-fund based. For more details related to the Unieq Comtrade, please refer to the information provided below.

WHO SHOULD APPLY ?

Target Clients/Markets

Agri Input providers ( Eg. Seed, Fertilizers, Pesticides etc)
Entities engaged in Pre & Post harvest activities ( Arthias, Wholesale and retail traders in Agri-commodities/ Animal Husbandry products such as Eggs/Milk etc)
Customer service units engaged in providing farm work on contract (who maintain a fleet of tractors, bulldozers, well-boring equipment, threshers, combines, etc.)
Construction and operation of Agri-storage units ( eg. Godowns / Cold storage)
Agri Business Centres ( To be operated by Agri graduates for taking up activities as per NABARD scheme)
FPCs and FPOs

Constitution

Individuals/Sole Proprietorships holding a valid license/HUFs that are proprietorships/Partnerships (Registered/ Unregistered)/Limited Liability Partnerships/Private Limited companies/Dairy Farmer Cooperatives/Other Non-individual entities such as Corporate farmers/Farmer producer/Organisations/Companies (FPOs/FPCs)

FEATURES AND BENEFITS

Simplified Assessment
Range of Facilities (Fund and Non fund)
Radius of operation upto 75 kms from Agri lending designated branch

Interest Rate

Competitive rates linked to External Benchmark (Rate is arrived based on T Bill Rate) published by Financial Benchmark India Private Ltd.

Facility Type

Fund Based	Non Fund Based
Overdraft	Letter of Credit (Inland LCs for purchase of Raw Material/Machinery)
Term Loan	Bank Guarantee
Working Capital Demand Loans

Purpose

Financing working capital, capital expenditure and non-fund based requirements of the borrowers.

Limit

Minimum Rs.10.50 lakhs and Maximum up to Rs.500 lakhs

ELIGIBILITY

Valid license/registration for the activity
3 years of vintage in line of business and 2 years of profitability
Acceptable credit score

Security

Primary: Term Loan: Exclusive Hypothecation / Mortgage charge over the assets purchased/created out of our loan
Collateral: Registered (OR) Equitable Mortgage of NA Residential, Commercial, Industrial Properties; Liquid Security (Fixed Deposits & LIC Policy surrender value).
Guarantee: Personal Guarantee of all the promoter directors / partners mandatory. In case the property is registered in the name of a third party(s), then the personal/corporate guarantee of the third party(s) is also mandatory.
PDCs: As per prevailing guidelines

BASIC DOCUMENTATION

KYC documents
Application form
Property & Income documents
Bank statement
Other documents prescribed in the ‘Checklist’

All documents should be self-attested by applicant/borrower

Loan at the sole discretion of Equitas Small Finance Bank Ltd.

Charges

Rate Card for W.C and Term Loan Facilities:

Particulars	Minimum Card Rate
In-principle Processing fee	Rs.5000 or 50% of the processing fee, whichever is higher
Processing Fee	Minimum 1.00% of the facility amount
Renewal Fees	Minimum 0.50% of the facility amount
Security not perfected	6% p.a over and above the agreed rate
Penal Interest on Installment/Interest overdue	24% on the overdue amount
Penal Interest for non-submission of Stock Statement	@2% additional rate on existing ROI for non-submission of Stock Statement
Penal Interest on non-renewal of W.C Limits on time	6% on the sanctioned W.C limit, from the date of expiry up to renewal date.
Non-Submission of property/stock insurance	2% additional Rate of interest on the amount out-standing.
ROC Filing charges	Rs. 3000/- (plus taxes) per filing on availing bank empaneled vendor services.
Cheque Bounce Charges (Term Loan)	Rs. 500/- (plus taxes) Per cheque bounce
Late payment penalty (Term Loan)	24% per annum (plus taxes) on the amount out-standing from date of default.
Commission on LC - Usance	Upto 1% p.a. on Usance LC (plus taxes) for first 3 months Additional 1.00% for LC Usance period beyond 3 months up to 6 months 2.50% for LC Usance period beyond 6 months upto 9 months
Commission on LC - Sight	Upto 1% p.a. on LC value .Minimum Rs.1500/- plus taxes as applicable per issuance.
LC Text Amendment Charges	Rs.750/- plus taxes as applicable per amendment
LC Value & Tenor Amendment	Will be charged as LC issuance charges plus amendment charges as above
Issuance of Bank Guarantee - Performance/Financial Guarantee	2 .0% p.a on Bank Guarantee Amount. Minimum Rs.2000/-
BG Issuance Handling Charges (Courier Charges )	INR 200 plus taxes as applicable
Incremental Interest on Temporary Overdrafts (TOD)	2% above the ROI charged on the regular limit, for the days TOD is used
Takeover Charges in case the loan is taken-over by other Banks or NBFCs.	2% of loan Outstanding for Term loan and 2% of the sanctioned limit for Working Capital Facility (plus taxes as applicable)
Modification/ Change/ Substitution of Security Properties	Rs.2500/- plus taxes as applicable
Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)

Account Features for CC/OD Product code

Cheque book

Charge Type	Charges Applicable
Free Cheque book (PAP cheque book of 25 leafs)	4 cheque book free per month for limit amount equal to or greater than Rs. 2 Cr.
	8 cheque books free per month for limit amount less than Rs. 2 Cr.
Charges beyond free limits	Rs. 2 per leaf

Collections

Charge Type	Charges Applicable
Local Cheque clearing	Free
Outstation cheque collection charges at bank location	Upto 3 cheques free per month. Charges as under thereafter
	Cheque value upto Rs.10000, Rs.50/- per instrument
Outstation cheque collection charges at non-bank location	Cheque value > Rs.10000 and upto Rs.1 lac, Rs.100/- per instrument
	Cheque value > Rs.1 lac, Rs.150/- per instrument

Inward remittance

Charge Type	Charges Applicable
RTGS Inward	Free
NEFT Inward	Free
IMPS Inward	Free

Payments

Charge Type	Charges Applicable
Demand Draft and Payorder at branch locations	Free upto 10 DDs or POs per month
Charges beyond free limits	Rs. 50 per DD/P.O
Demand Draft at non-branch locations	Rs. 100 per DD
PAP Cheque payment	Free
RTGS and NEFT Outward Charges at branch (Free online)	Free
IMPS Outward	Upto Rs. 2, 00,000/- Free , Above Rs. 2,00,000/- Rs. 50

Cash Charges

Charge Type	Charges Applicable
Free Cash Deposit at home location	Upto 50% of the sanctioned limit per month
Charges beyond free limits	Rs. 2/1000
Cash Deposit at Non-Home location	Upto 10% of the sanctioned limit per month
Charges beyond free limits	Rs. 3/1000
Cash Withdrawal at home location	Free
Cash Withdrawal at Non-Home location	Free upto Rs. 50000/- per day by self or third party, beyond which charges of Rs. 3/1000

Other Charges

Charge Type	Charges Applicable
Stop payment single cheque	Rs. 100/- per cheque
Stop payment series	Rs. 150/- for a series of 25 cheques
Outward cheque return charges for financial reasons	Rs. 50/- per cheque
Outward cheque return charges for technical reasons	NIL
Inward cheque return charges for financial reasons	Upto 2 cheques Rs. 350/- per cheque, 3-5 cheques Rs. 500, 6th cheque onwards Rs. 750 per cheque
Inward cheque return charges for technical reasons	NIL
Standing instructions set up	Free
Standing Instructions failure (return)	Rs. 200/- per return
ECS/NACH Return due to financial reasons	Rs. 500/- per return
SMS Alerts	Rs. 25 per Quarter

Certificate and Report issuance

Charge Type	Charges Applicable
Balance Certificate at Branch (Online Free)	Rs. 250/- per instance
Previous Year balance and interest statement	1 free per annum, more than 1 Rs. 300/- per statement
Signature verification certificate/Photo Attestation/Address Confirmation	Nil
Duplicate TDS certificate	Rs. 100/-
Duplicate account statement Print (Free Online or on email)	Rs. 200/-
DD/PO revalidation/cancellation	Rs. 100/-
Stock statement non-submission charges	Rs. 750/- per month/ Quarter

Doorstep Banking*

Charge Type	Charges Applicable
Cheque pickup Oncall per instance	Rs.50/- per call
Cheque Pickup beat (per month)	Rs. 500/-
Cash pickup Beat (charges per month)
Upto Rs. 200000	Rs.2200/-
Rs. 200000 to Rs. 500000	Rs. 3200/-
Rs. 500000 to Rs. 1000000	Rs. 8000/-
Rs. 1000000 to Rs. 2000000	Rs. 12000/-
Rs. 2000000 above	Contact Branch
Cash pickup On call (charges per instance)
Upto Rs. 200000	Rs. 150/-
Rs. 200000 to Rs. 500000	Rs. 300/-
Rs. 500000 to Rs. 1000000	Rs. 500/-
Rs. 1000000 to Rs. 2000000	Rs. 800/-
Rs. 2000000 above	Contact Branch
* Available on request at select locations only

Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)

Notification of Sanction/Rejection will be communicated to you , within two weeks in case your application is for a credit limit or enhancement in existing credit limit up to Rs. 5 lakhs ; within 3 weeks in case your application is for a credit limit or enhancement in existing credit limit above 5 lakhs and upto 25 lakhs; and within 6 weeks in case your application is for a credit limit or enhancement in existing credit limit above 25 lakhs from the date of receipt, provided your application is complete in all respects and is accompanied by documents as per `check list’ provided.

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