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
A limit is given in current account where the client can
withdraw amount upto the limit sanctioned.
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
basics on the end of the day (closing) balance.
No minimum Monthly repayment required This loan can be used business purpose only.
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
Applicant must own office or residence. Title to the property should be clear and free from
without any pending legal litigation adversely affecting the
of the property.
Turnover minimum 40 lacs & above
per annum for the last 2 years.
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
Card/ Telephone Bill/ Electricity Bill. Office Proof : Telephone Bill/ Sales Tax registration
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