Personal BankingLoansSIB Pharma Plus


Scheme Details
Name of the scheme
SIB-Pharma Plus
Target Customers
Pharma Dealers/ Distributors/ Stockists handling Allopathic or Ayurvedic or Homeopathic drugs (Wholesale or Retail)
1.   The business should be in existence for a minimum of 3 years in Pharma Distribution.
2. Business should be making profit for at least 2 years.
To meet the working capital requirement of the business.
Nature of finance
1. Cash Credit Open Loan
2. Letter of Credit
3. Bank Guarantee
Quantum of Finance
Minimum Rs. 25.00 Lacs
Maximum Rs. 1500.00 Lacs
Appraisal Format
Our existing appraisal formats may be used according to the quantum of credit facilities proposed.
Rate of Interest (CCOL)
Click here to view the latest Rate of Interest 
Charges/ Commission (Non-Funded facilities)
Highly Competitive Rates
(For Information kindly contact nearest branch)
Collateral Security
1.      75% collateral for distributors having less than 5 years experience
2.      50% collateral for distributors having 5 years and above experience
Processing charges
0.20% p.a. of the loan amount
Period of Loan
12 months. Limit to be renewed thereafter
Pre-Closure Charges
Closed through Own funds
2.00% on the sanctioned limit
Closed by way of takeover by other Banks/FIs
3.00% on the sanctioned limit
Penal Interest
2% p.a. for the defaulted amount for the defaulted period