Bank offers Cash Credit to all business sectors namely traders, manufacturers and service industry.
1. Special interest rate for priority sector lending.
2. Pledge Loan against select comodities.
** "Conditions Apply. Loan at sole discretion of the Bank."
Repayment :
On Demand/Annual review
Margin :
Min 25%
Maximum Loan Amount Limit :
Rs 13.75 Crore subject to Bank's Exposure Norm
Minimum Loan Amount Limit :
Need Based
Eligibility :
Proprietorship, Partnership, Pvt. Ltd. and Public Ltd. Companies,LLP
Security - Prime
Hypothecation of Stock & Book Debts
Security - Collateral :
Mortgage of Property
Subscription to Bank's Share - Membership:
2.5 % of Loan amount (Max Rs 5.00 Lac per entity)
Processing fee :
0.70 % of Loan amount on First occasion and 0.35% at the time of renewal (excluding service tax)