Cash Credit Overview :

Cash Credit is also known as Working Capital .Cash Credit is a facility to withdraw the amount from the business account even though the account may not have enough credit balance. The limit of the amount that can be withdrawn is sanctioned by the bank based on the business cycle of the client and the working capital gap and the drawing power of the client. This drawing power is determined, based on the stock and book debts statements submitted by the borrower at monthly intervals against the security by hypothecating of stock of commodities and/ or book debts.

The excess withdrawal of cash is made generally on demand from the customer and the customer has to pay interest on the excess amount he/she has withdrawn. The Cash Credit facility is quite useful to those businesses where cash payment like wages, transportation, cash purchases are to be made and the receivables are not realized in time.

Advantages :

There are a lot of other advantages or benefits to captivating a land or homeowner loan

  •   Attractive Interest Rates
  •   Income Tax U/S 80 C Benefit
  •   Loan Amount Upto 80 market value of the  property              
  •   Repayment Period upto 20 Years
  •   Loan Amount 5 Lacs to 2000 Lacs

Documents Require:

  • Passport size photographs
  • Identy Proof
  • Address Proof 
  • Income Proof of last two years
  • Last six months bank statement.

What is our Overdraft Facility ?

The indian rules and regulation says as the word overdraft means the act of overdrawing from a bank  account. In the other word the account holder withdraws more money from a bank account than has to deposite in it.