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Cash Credit

Cash Credit

Eligible Peoples engaged in traders and business activities
Purpose To fulfill the needs of working capital requirement Of the concern.
Loan Amount Ceiling As per the credit exposure norms.
Loan Tenure 1 Year subject to renewal of account.
Analysis of working capital Calculation of working capital finance is asper Recommendation by NAIK Committee.
Margin of borrower 25% of total working capital/ current assets (including debtors of 12 month)

(i)    Collateral Security subject to the required of Sanctioned limit.

(ii)   Two guarantors having income in relevant  to the sanction loan Amount.

Documentation required As per the requirement in the loan file check list.