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Cash Credit

Credit Facility Information

Cash Credit Details

Comprehensive information about our Cash Credit facility

Facility Details

Feature Details
Purpose Working capital requirement for business operations
Credit Limit Based on business turnover and requirements
Interest Rate Personal Surety or C/C Loan (With Pledge): 15.00%
Interest Calculation Interest charged only on amount utilized
Withdrawal Flexible withdrawal as per business needs
Repayment Flexible repayment options
Security Hypothecation of stocks/debtors or other collateral
Documentation Business documents and financial statements required
Processing Time Quick approval based on documentation
Renewal Annual renewal subject to review

Eligibility Criteria

  • Registered Business Entity
  • Minimum 1 year business operations
  • Good credit history
  • Regular business turnover

Documents Required

  • Business Registration Documents
  • Financial Statements (P&L, Balance Sheet)
  • IT Returns (Last 2-3 years)
  • Bank Statements
  • KYC Documents of Partners/Directors