Features
Rates & Charges
Repayment
Eligibility Criteria
Documents Required
Features
- Quick approval
- Secured Cash Credit Loan to provide high value working captial.
- Book Debts Cash Credit Loan
- Hypothecation available on Stock & Debtors
- Get 20% of Projected Sales/Receipt for limit up to Rs.5 Cr.
Get 75 % of WCG (MPBF) for loan above Rs.5 Cr. on the basis of PBF.
Rates & Charges
- Margin: 00 % for HYPCC & Debt CC
33.33 % for Secured Cash Credit
- Rate of Interest: 00% p.a.
- Pre-Payment Penalty:00% + GST
- Upfront Processing fee: @ 30% + GST of New Sanction
And @ 0.10 % + GST of Renewal/Review on total sanctioned amount.
- Penal interest: 2% to be charged for the period of default in repayment
Repayment
For Cash Credit Loan the renewal will be after 36 months. (Review 12+12+12)
Eligibility Criteria
- Applicant\s should be a Businessmen, Professional or Self Employed.
- The applicant\s should have completed 18 years.
- Applicant\s should be A Class Member of our bank.
Documents Required
- Proof of identity
- Proof of address
- Proof of income
- Proof of business ownership
- KYC of Applicant(s) & Guarantor(s)
