Punarvasu Career


1. What type of loans are offered by Punarvasu?

A. Punarvasu offers loans against negotiable warehouse receipts/warehouse receipts/storage receipts/COMTRACK E-Lots to participants involved in the commodity business backed by the pledge/E-pledge of underlying agricultural commodities.

2. Who can avail our loans?

A. Individuals, Farmers, Proprietorship Concerns, Partnership Concerns & Body Corporates

3. How do I approach Punarvasu for a loan?

A. You can apply for a loan with us in any of the following ways;

  • Visit the nearest SSL warehouse & speak to Warehouse Executive
  • Contact us on our Customer Care Number: 022 3364 7501 with your query
  • Apply online through our website (Please click here)

4. What are the pre-requisites in availing a loan from Punarvasu?

A. Following are the pre-requisites in availing a loan from Punarvasu;

  • KYC documents as per the link (Please click here)
  • Commodities as approved by the company from time to time
  • Commodities stored in SSL warehouses, or any other third party warehouse as may be approved by the us from time to time

5. What are the stages involved in availing a loan?

A. Following broad stages are involved in availing a loan;

  • Contact our representative (warehouse personnel)
  • Fill application form and submit the same along with required KYC documents to our representative
  • Limit setting on eligibility criteria and loan documentation
  • Commodity storage, quality testing, loan disbursement assessment & WHR pledge marking
  • Loan disbursement

6. Which all commodities are covered under Punarvasu loan offering?

A. All major agricultural commodities; Skimmed Milk Powder; Fertiliser; dry fruits.

7. What are the documents required for availing a loan?

A. Please click here to find out the list of documents required.

8. In which warehouses can I store the commodities to avail a loan from PUNARVASU?

A. SSL warehouses or any other third party warehouses as may be approved by us from time to time.

9.What is a commodity pledge? Is it mandatory to pledge the commodity?

A. 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 defaults on the loan. It is mandatory to pledge the stock to avail Warehouse Receipt Finance or E-Pledge to avail COMTRACK E-Lot Finance.

10. What security/collateral do I have to provide?

A. Loans are extended against negotiable warehouse receipts backed by the pledge of underlying agricultural commodities lying at SSL warehouses or designated by us from time to time, including those maintained in E-Lot form under COMTRACK arrangement on NCDEX.

11. For what purpose can I avail a loan?

A. Loans are provided for working capital purposes only.

12. What are the minimum & maximum loan amounts that can be availed?

A. Loans are offered in the range of Rs 10 lacs to Rs 500 lacs

13. What is the maximum loan tenure offered by Punarvasu?

A. Loans are offered for a maximum tenure of 12 months.

14. Do I need a co-applicant/guarantor for the loan availed?

A. Generally, not required.But if your profile does not meet our internal credit policy,then you may be required to have a guarantor/co-applicant to stand surety for your loan.

15. How much loan can I avail of (LTV)?

A. Generally, in the range of 65% to 75%, in accordance with the commodityproposed for pledging.

16. What interest is offered by Punarvasu?

A. Interest rates are not static in nature and depend on the prevailing market conditions. Same is decided on a case to case basis governed by our interest rate policy as may be amended from time to time

17. How is interest charged?

A. Interest is charged on a monthly basis payable on 1st of subsequent month. One-month interest is charged in advance and deducted upfront at the time of disbursement.

18. How can I make interest payment?

A. An intimationmentioning interest amount will be sent to the borrower on last day of the month. Interest can be paid by following modes-

  • Real Time Gross Settlement (RTGS) or National Electronic Funds Transfer (NEFT) as the case may be.
  • Cheque of interest amount

19. Do I have to pay any additional charges?

A. Processing fee is charged against the loan sanction amount or loan disbursement amount as per the loan sanction letter.

20. Within how many days will the loan be sanctioned?

A. Post the submission of all the requisite documents, a loan is generally sanctioned within 3-4 working days.

21. What is a margin call and when does it happen?

A. In case of drop in commodity price below a decided threshold limit of 10%, the borrower is required to replenish the margin account within 3 working days from the date of intimation of the same. This is known as margin call.

22. What is the responsibility of the borrower in case of a margin call?

A. The borrower has the responsibility to replenish the margin account within 3 working days by way of repayment of or additional stock.

23. How does the loan amount become overdue?

A. In case when the monthly interest payments or margins calls or principle amount repayment are not made within the stipulated time frame, a loan amount may become overdue.

24. How much penal interest is charged in case of overdue?

A. 4% p.a penal interest is charged on overdue amount, from the dateit becomes overdue until such time till the payment is made.

25. How do I repay my loan?

A. Repayment at closure can be done in one of the following ways;

  • Real Time Gross Settlement (RTGS)
  • National Electronic Funds Transfer (NEFT)
  • Cheques

26. Do I have the option of prepaying the loan?

A.Yes, one can prepay the loan any time after availing the loan.

27. Will the prepayment result in any penalty?

A. No. Prepayments may not attract any penalty; however minimum one-month interest is payable.

28. Is part release of commodities possible?

A. Partial release is allowed.

29. Do I have to avail the sanction amount in one go?

A. No. The borrower has the right to avail the sanction limit in tranches with an option to close one tranche at a time.