Working Capital / Cash Credit

Fund base requirements to improve business operations and expansion plans for people/those who are engaged in manufacturing, retail wholesale trading and also service providers.

Purpose – Working capital need of the business entity, based on business turnover,  projections, future scope.

Maximum loan amount –
Limit will be assessed based on financial position, business need  & business projection.

Period of loan –
12 months subject to renewal based on satisfactory performance.

Rate of Interest – Click to Get 

Margin – Based on activity minimum upto 40% for Debtors and 25% for Stock.

Security –
Hypothecation of movable (Stock WIP) asset and mortgage of immovable property matching with limits. Equivalent Collateral security in the form of Immovable property.

Guarantors –
Personal guarantee of the business entrepreneur and two guarantors with adequate Net worth and income.

Process Fee – Please click here for prevaling charges schedule.

Other General terms & Conditions – Please contact nearest branch.