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

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.

• CERSAI. Franking Charges. Property Valuation. Search & mortgage Fess as applicable