Cash Credit Loans
Cash Credit is a short term loan approved by banks for businesses, financial institutions and companies to meet their working capital requirements. The borrowing company can take money, even without a credit balance, upto whatever borrowing limit exists.
Cash Credit Loans for a Maximum tenure of 1 years.
Required Document
| • AGREEMENT BOND |
| • LETTER OF LIEN & SET-OFF |
| • PROMISORY NOTE |
| • BUSINESS LICENSE COPY |
Charges of Loans
| Application Charges | GST at 18% | Total | |
|---|---|---|---|
| Application Charges | 50/- | 9/- | 59/- |
| Bond Charges | Bond Charges | GST at 18% | Total |
|---|---|---|---|
| Loan Amount Upto 10,000/- | 30/- | 5.40 + 0.60 (Round Off) | 36/- |
| Loan Amount from 10,001/- to 25,000/- | 50/- | 9/- | 59/- |
| Loan Amount from 20,001/- to 50,000/- | 100/- | 18/- | 118/- |
| Loan Amount from 50,001/- to 1,00,000/- | 200/- | 36/- | 236/- |
| Loan Amount from 1,00,001/- to 5,00,000/- | 500/- | 90/- | 590/- |
| Loan Amount from 5,00,001/- to 10,00,000/- | 1,000/- | 180/- | 1,180/- |
| Loan Amount from 10,00,001/- to 25,00,000/- | 3,000/- | 540/- | 3,540/- |
| Loan Amount from 25,00,001/- to 50,00,000/- | 5,000/- | 900/- | 5,900/- |
| Loan Amount from 50,00,001/- and above | 15,000/- | 2,700/- | 17,700/- |