Cash Credit / Overdraft

Bank offers Cash Credit to all business sectors namely traders, manufacturers and service industry.
1. Special interest rate for priority sector lending.
2. Pledge Loan against select comodities.

** "Conditions Apply. Loan at sole discretion of the Bank."

Repayment :
On Demand/Annual review

Margin :
Min 25%

Maximum Loan Amount Limit :
Rs 13.75 Crore subject to Bank's Exposure Norm

Minimum Loan Amount Limit :

Need Based

Eligibility :
Proprietorship, Partnership, Pvt. Ltd. and Public Ltd. Companies,LLP

Security - Prime
Hypothecation of Stock & Book Debts

Security - Collateral :
Mortgage of Property

Subscription to Bank's Share - Membership:
2.5 % of Loan amount (Max Rs 5.00 Lac per entity)

Processing fee :
0.70 % of Loan amount on First occasion and 0.35% at the time of renewal (excluding service tax)

Guarantors

Two Guarantors acceptable to Bank.

As Applicable.