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Terms and Conditions

Please note that by submitting the contact details, you are authorizing SMC Global Securities Ltd. to contact you and send promotional communication even though you may be registered under National Do Not Call Registry established under the Telecom Unsolicited Commercial Communications Regulations, 2007 or registered or may register under the National Customer Preference Register established under new regulation viz the Telecom Commercial Communications Customer Preference Regulations, 2010.

loan-against-commodity Loan against Commodities

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

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

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serving over
18 Lac
unique clients
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Workforce of
3000+
employees
build
Presence in500+ cities & oversease offices in Dubai
integrate
large network of
2,500+ sub-brokers & authorised persons
secure wallet
Cumulative AUM under Mutual Funds 3,000+ crores
*As on 31st March 2018

FAQs

Who are eligible for Warehousing Receipt Finance?
Farmers, traders, processors are eligible for the loan.
What is the range of commodities that can be financed?
Cereals, pulses, spices, oilseeds, seed cakes and other agri-commodities approved by SMC Finance can be financed under warehouse receipt finance.
How can I apply for the loan?
You can apply for a loan in any of the following ways:
Apply online through our website
Call our toll free customer care centre (1800-110-909)
Visit the nearest SMC Finance branch and speak to a Relationship Manager
What are the stages involved in acquiring loan?
The stages involved in acquiring a loan are: application, appraisal, loan sanction, documentation and disbursement against storage receipts.
What is a commodity pledge? Is it mandatory to pledge the commodity?
Commodity pledge is offering commodity stock to a lender as a security for a loan. Though the asset will be pledged to the lender, it is still owned by the borrower unless he / she default on the loan. It is mandatory to pledge the stock to avail Warehouse Receipt Finance.
What are the margin requirements for the loan?
Margin varies from commodity to commodity with a minimum of 25% margin requirement.
What is a margin call and when does it happen?
It should be ensured that the margin at no point of time falls below the specified level. In the eventuality of this happening, SMC Finance shall intimate the borrower to provide for the top up margin, this is called a Margin Call.
What is the responsibility of the borrower in case of a margin call?
The borrower has to immediately provide the top up margin. The margin can be brought in by way of cash or additional stock. In case, the borrower does not bring in additional margin within the stipulated time, SMC Finance may offload the stocks in part or full at its discretion to ensure maintenance of the requisite margin. The loss if any from this action would be to the borrower's account.
Who is a Collateral Manager (CM) and what is his role?
CM issues Storage Receipt (SR) against the Warehouse Receipt (WR) issued by the L&T Finance approved warehouse owner and funding is availed against this (licensed WH), otherwise Storage Receipt (SR) issued by the empanelled Collateral Manager in L&T Finance approved godowns and funding is availed against this. Risks associated with quality, quantity etc. is mitigated by CM at all times.
What are the loan tenure options?
Loan tenure ranges up to 12 months
Can the loan be prepaid? If yes, what are the charges involved?
Yes, loan can be prepaid. There is no prepayment penalty charged for loans prepaid after 1 month of disbursement. In cases where loan is prepaid within one month of disbursement, a minimum interest of 1 month is charged along with the principal.
What are my repayment options?
Monthly submission of interest is mandatory and principal is to be paid at the time before the final delivery of goods.
How long will it take for the loan to be sanctioned?
A loan is generally sanctioned within 7 working days after complete documents submission.
Is part release of commodity possible?
The loan is disbursed in tranches and borrower has an option to close one tranche at a time

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Disclaimer:

SMC Global Securities Ltd | CIN : L74899DL1994PLC063609 | Registered Office: 11/6B, Shanti Chamber, Pusa Road, Delhi-110005. | Tel +91-11-30111000 | Compliance Officer: Mr. Ashok Kumar Aggarwal | Tel 011-30111000 Extn. 170 | Email:-aka@smcindiaonline.com| Customer Care Email –smc.care@smcindiaonline.com| Complaint Email –igc@smcindiaonline.com| website: www.smctradeonline.com

SEBI Reg. No. INZ000199438, Member: NSE (07714), BSE (470), MSEI (1002), MCX (8200) & NCDEX (00021). DP SEBI Regn. No. CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH100001849, Mutual Funds Distributor ARN No. 29345. •Insurance services are offered through SMC Insurance Brokers Pvt. Ltd. IRDAI Regn. No: DB 272/04 License No. 289 Valid upto 27/01/2026. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. PMS is not offered in commodity derivative segment. Insurance is the subject matter of solicitation. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The price, value of and income from any of the securities or financial instruments mentioned in this report can fall as well as rise.

By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.

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ADVISORY FOR INVESTORS
ATTENTION INVESTORS
"1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
 3. Pay minimum 20% upfront margin of the transaction value to trade in cash market segment.
 4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors"
Prevent Unauthorized Transactions in your demat/trading account --> Update your Mobile Number/email ID with your stock broker/Depository Participant. Receive information of your transactions directly from Exchanges on your mobile/email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/CDSL on the same day. - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing for IPO. Just write the bank account number and sign-in the application form to authorise your bank to make payment in case of allotment. No worries of refund as the money remain in the investor's account.
For Rights and Obligation, RDD, Guidance Note in Vernacular Language Click Here.
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