Utilize RBS bank’s long-term financial help to make sure your company’s operations function smoothly and experience stable growth. Our long-term working capital guarantees strong business growth with flexible payback choices to fit your needs.
Features
Rates & Charges
Repayment
Eligibility Criteria
Documents Required
Features
- Secured Cash Credit Loan to provide working capital.
- Get a maximum 50 % to 75 % of the Regular Cash Credit Limit.
Rates & Charges
- Margin: 25 %
- Rate of Interest: 11.50% p.a.
- Pre-Payment Penalty: 00% + GST
- Upfront Processing fee: @ 0.40% + GST on one-time basis, on total sanctioned
amount. - Penal interest: 2% to be charged for the period of default in repayment
Repayment
- The mode of repayment will be EMIs or EQIs.
- Th repayment period will be a maximum of 7 years.
Eligibility Criteria
- Applicants should be Businessmen, professionals, or Self Employed.
- The applicants should have completed 18 years.
- The applicant’s proportionate amount to monthly take-home Net income (NP + Depreciation + TL Int.) of last year, including proposed loan EMI, should not be less than 1/3rd, as per income tax returns.
Documents Required
- Proof of identity
- Proof of address
- Proof of income
- Proof of business ownership
- 5 postdated cheques
- Standing Instructions of Saving / Current / CC Accounts.
- Kept Stock statements on a Monthly/Quarterly basis.
