Cash Credit Loan

For Proprietorship,partnership,Pvt Ltd., Public Ltd. Companies.
Type of loan Cash Credit / Overdraft
Purpose Working Capital
Repayment On demand ( Renewal every year)
Mode of Repayment Annual Review/Renewal of facility but repayable on Demand.
Margin 40 % in favour of Bank
Rate of interest As per Bank's policy (Minimum 10.50 % to Maximum 13.50% * Terms conditions apply)
Who can borrow Proprietorship,partnership,Pvt Ltd., Public Ltd. Companies.
Loan amount Need based - within the Bank's Exposure limit
Security Hypothecation of stock & book debts upto Rs. 15.00 Lakhs
Collateral CC/OD limit More than Rs.15.00 lakhs (Immovable property / Govt. Securities such as NSC/KVP, LIC policy and Term deposit of our Bank as a collateral Security)
Guarantors Two acceptable guarantors
Subscription of bank's shares 2.5 % of the loan amount
Processing charges 0.50% of sanctioned loan amount
Other charges As per Bank's policy
Pre-payment charges No pre closure charges


12.5% for Stock & Book Depts, 12% for Stock, Book depts & 60% Colleteral


To meet expenses for pursuing higher Education , at India or abroad. Graduation / post-gradution / medical Dental / engineering / management / law Pilot / air hostess | 10.75 % to 12.00 %