CC (Cash Credit) Limit
The Bank offers cash credit limit facility to small traders or partnership firms to fulfil their working capital requirements. This loan facility is provided in two forms namely : HYPOTHECATION CASH CREDIT LIMIT : This type of financial facility in the form of cash credit limit while sanctioned against merchandise goods. PLEDGE CASH CREDIT LIMIT : Pledge cash credit limit shall be sanctioned by the bank against effective custody of the goods under lock and key of the Bank.
|Purpose||To provide cash credit advances to Private Traders/ Firms.|
|Interest Rate||__.00 %|
|Loan Period||_ year|
|Margin||__.00 % For Hypothecation Cash Credit Limit and __.00 % For Pledge Cash Credit Limit.|
|Re-Payment Mode||Minimum one credit entry in __ days is required.|
|Documents||Registration certificate of firm, Annual accounts, Partnership deed in case of partnership firm, ITR of last three years, Certificate of TIN No., ID proof(self and guarantors).|