Cash Credit Limit


Features Eligibility  |  Documents  Rates  | Suitable For

               
                                                
Features


This Loan given to meet working capital requirements of the company on the basis on company turnover, company financials, value of stock having by company. This loan given against collateral security ie: Residence, Industrial or Commercial Property.
A limit is given in current account where the client can withdraw amount upto the limit sanctioned.

Key Features of Cash Credit Limit :-

     Limits start from Rs. 10.00 lacs & above.
     The loans are generally approved within 15 working days of
      submission of complete documentation.

    
The interest charged only on the utilized amount. It will charged
     
basics on the end of the day (closing) balance.
    
No minimum Monthly repayment required
     This loan can be used business purpose only.
 

                                                


                                             
 Eligibility


     Proprietorship/partnership/Pvt. Ltd company
  
 Age 25-65 years of main applicant
    
Minimum 3 years old company in the same business
    Minimum 1year old operation at same place
    Profitable business for the last 2 year
    Have a clean track record of at least 12 month from any MNC bank 
    Applicant must own office or residence.
     Title to the property should be clear and free from encumbrance, i.e.,
 
     without any pending legal litigation adversely affecting the ownership
       of the property
.
     Turnover minimum 40 lacs & above per annum for the last 2 years.

                                                

                                           
                                           
   Documents


  
 Photograph of main applicants
  
 ID proof : Pan card/ Passport/c Driving License
  
 Signature Proof : Pan card/ Passport/Driving License
  
 Age Proof : Pan card/ Passport/Driving License/DOB Certificate
  
 Residence Proof : Passport/ Voter Card/Driving License/Ration  
      Card/ Telephone Bill/ Electricity Bill.
    Office Proof : Telephone Bill/ Sales Tax registration certificate/
      Electricity Bill 

    
Ownership Proof : Electricity Bill/house tax/property papers
 
   Income Proof : last 3 years audited financial along with audit report
      with all schedules.

    
Bank statement : main account last 6 month.
  
 Sanction letter of existing Cash credit or overdraft limit availed by the
      company.

    
Collateral Security : Property papers which are offered.
  
 Constitution proof  : MOA/ partnership deed
     Others : any Govt. registration like service tax, sales Tax, excise,
    Loan Proof : Repayment Schedule of all running loans
 

                                                 

       
                                                 
  Rates


     Quickly Contact Us to get the best deal.
 

                                                 


                                             
Suitable For

     Day to day financial requirements of the company.
     Business expansion
 


                                               


* Name
Type of Loan Required
Company Name
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Amount Required
  * Email Id
Employment Detail
  * Mobile
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*Net Monthly Income
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