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Home  > Products > Financing > Loan Against Commodities

Loan against Commodities

Get loan against Commodities stored in Warehouses, at attractive interest rates with speedy processing.Loan is available against following AgriCommodities:

Chana | Wheat | Jeera | Castorseed | Coriander (Dhaniya) | Guar / Guargum

Features

  • Suitable for commodity traders, processors and aggregators
  • Limit: 50% – 75% of value of commodity (max Rs. 10 Crore per borrower)
  • Tenure: upto 1 month prior to validity date (max. 12 months)

Advantages

  • No hidden charges
  • No EMI (Flexibility in tenure and repayment options)
  • Quick turn-around time
  • Flexibility in tenure and repayment options
  • Interest rates are levied on daily reducing balance method
  • Seamless deliveries of funded stock on exchange platform

Need A Loan

* Indicates Mandatory fields

Eligility

  • Individuals (should be major)/ HUF/ Corporate / LLPs
  • Loan tenure upto 1 month before validity / final expiry date.
  • Commodity should be in Demat mode (COMTRAK), or Warehouse Receipt (WHR) of approved warehouse.

Service Charges

  • No hidden charges
  • No EMI (Flexibility in tenure and repayment options)
  • Quick turn-around time
  • Flexibility in tenure and repayment options
  • Interest rates are levied on daily reducing balance method
  • Seamless deliveries of funded stock on exchange platform

Documentation

  • Basic KYC Documents
  • Constitutional Documents
  • Proof of dealing in commodities (Mandi license, VAT Registration Certificate, etc.)
  • Financial documents
  • Application form
  • Loan documents
  • Original Lien marked Warehouse receipts / storage receipts / quality certificate.
  • FATCA Declaration.

Terms & Conditions

  • Loan only against Agricultural commodities.
  • Tenure of the loan upto 1 month prior to final expiry date.
  • The commodity should be stocked in the approved warehouse only and the receipt of the same should be submitted to SMC Finance.
  • The limit depends upon the basis of eligibility.
  • Loan not available advance against bullion / primary gold and gold coins.

SMC In Numbers

serving over
18 Lac
unique clients
Workforce of
3000+
employees
Presence in500+ cities & oversease offices in Dubai
large network of
2,500+ sub-brokers & authorised persons
Cumulative AUM under Mutual Funds 1,865+ crores
*As on June 2016

FAQs

Who are eligible for Warehousing Receipt Finance?
What is the range of commodities that can be financed?
How can I apply for the loan?
What are the stages involved in acquiring loan?
What is a commodity pledge? Is it mandatory to pledge the commodity?
What are the margin requirements for the loan?
What is a margin call and when does it happen?
What is the responsibility of the borrower in case of a margin call?
Who is a Collateral Manager (CM) and what is his role?
What are the loan tenure options?
Can the loan be prepaid? If yes, what are the charges involved?
What are my repayment options?
How long will it take for the loan to be sanctioned?
Is part release of commodity possible?

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Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Comtrade Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Investments and Advisors Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid upto 27/01/2020 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Investments & Advisors Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Comtrade Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

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