Cash Credit

  • Loan Limit : Maximum Upto Rs.90 Thousand Lacs.
  • Repayment : On demand. (Renewable yearly)
  • Rate of Interest : Attractive rate of Interest.
  • Margin : 20%
  • Interest Calculation : Interest calculation on daily reducing balance.
  • Purpose : To meet working capital Requirement.
  • Guarantors : Min Two Guarantors acceptable to bank.
  • Condition : The turnover in cash credit a/c must be more than 5 time of sanctioned limit
  • CERSAI, Franking Charges, Property Valuation, Search & mortgage Fess as applicable

Applicant:

  • Loan application
  • PAN Card, Address Proof, latest Photograph, of the Applicant and Guarantors.
  • All property Related Documents.

In case of Businessman :

  • Proof of Business ( Shop Act, Food & Drugs License etc. as per applicability)
  • Last 3 years ITR, P& L A/c , Balance sheet
  • Last 6 months bank statement of business

Insurance :

  • Insurance cover of Stock, Shop, factory, Plant & Machinery, Furniture & Fixtures and Immovable Property as per bank’s policy.
  • Any other documents as required by the bank at later stage.