Cash Credit Limit
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We thank you for showing your interest in us. Following is the way to opening an
account with us.
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- Please find our
Branch nearest to you and contact
our representative
for further proceedings.
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We request you to wait for 7 working days after your application to revert back
to you. Thanks you in the meantime for your patience.
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Worried about cash for working capital , don’t worry we are now with you to support
your business and you by providing you cash credit at the interest rate which suits
you.
Purpose
For Traders/ Businessmen / Professional / Self Employees & Other Trustees.
Eligibility
For Working Capital for Traders
Amount and Margin
- Loan Amount:Three year Balance Sheet Authorised
by Chartered Accountant
- Margin:Stock of 40%
Rate of Interest
As applicable from time to time. (See Current Rates)
Security
Equitable Mortgage of Property, Security Mortgage Double of Loan amount.
Repayment
Monthly installment is deducted from the salary account. If employee is given salary
from the banks saving account the monthly installment is deducted from that account
or paid by the postdated checks.