Sub-Dealer Loans


Being a retailer or sub-dealer, you may require money to run your business efficiently. The most crucial aspect of your business involves the purchase of wholesale goods from large corporates and then selling them to retail customers. Without adequate cash flow, you may fail to fulfill your customers’ demands, tarnishing your business's reputation.
To protect your business from such an eventuality, we offer Sub-Dealer Loans. Tata Capital Sub-Dealer Loans are designed to provide quick and hassle-free financing for sub-dealers and retailers. We ensure the timely availability of funds with convenient repayment terms and attractive interest rates.
(i) Default in payment of interest and/or principal amounts @ 24% p.a. on the defaulted amount
(ii) Dishonour Charges: Rs. 670/- (Rupees Six Hundred and Seventy only) for every Cheque/ Payment Instrument/ ECS Dishonour.
(iii) Non-creation/perfection of security: @ 2% on the outstanding principal amount will be charged for the period of delay in respect of delayed/non-submission of security/collateral related documents and non-perfection of security.
*Charges to be paid along with applicable Tax
Description | Periodicity | Penalty Amount |
---|---|---|
Delayed/non submission of stock statement | To be submitted Quarterly by 10th of every Calendar Quarter. | Additional one time charge of Rs 20,000/- per Quarter |
Delayed First Insurance cover note and non renewal of Insurance on due date |
First Insurance:- within 30 days from disbursement date. Renewal : as and when due |
Additional one time charge of Rs 20,000/- per financial year |
Non adherence of financial covenants’ of sanction letter | At the time of Review /Renew of account | Additional one time charge of Rs 20,000/- per financial year |
Documentation charges | Rs 5,000/- | |
Stock Audit charges | Rs 5,000/- | |
ROC and CERSAI filling | Rs 5,000/- | |
Valuation charges | As per actuals | |
TSR fees / Title search fees | As per actuals | |
Security trust fees | As per actuals |
Charges to be paid along with applicable Tax
Here’s how Tata Capital Sub-Dealer Loan can benefit various stakeholders involved in a supply chain process:
At Tata Capital, we provide several types of working capital loans to cater to the precise needs of business owners. You can choose from the following working capital solutions:
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