Cash Credit Facility
This loan is for helping traders to carry on business by availing working capital facility from the Bank.
Overdraft/Stock in trade loan.
Maximum of Rs. 100.00 Lakhs
Rate of Interest:
14.00% per annum.
2.00% will be charged on overdue amount.
1.00% of the limit sanctioned.
1.00% on outstanding balance.
Stock in trade.
Collateral security of urban immovable property mortgaged to the Bank with 200% value of the limit sanctioned based on guidance valuation.
Eligible loan amount outstanding should not exceed 60% of the stock intrade or 50% of the guidance value of the propoerty mortgaged, whichever is lower.