Cash Credit/Overdraft


     1.C C LOAN :-

  • Interest charged monthly.
  • Limit sanctioned generally 20% of sales.
  • Equitable Mortgage of property for full value.
  • Operations in the account as in current account.
  • Processing Charge @ 0.50% of the Loan Amount.
  • Stock statement to be submitted to Bank quarterly.
  • Limit can be granted to a business man for his day to day requirement.
  • Rate of interest charged is at present Below 10 Lacs 12.75%, Above 10 Lacs & upto 25 lacs 11.75% and above 25 Lacs upto 50 Lacs 11.25%.
  • Lower in comparison to OD or LAP.

     2. Overdraft limit against Property:-

  • Interest charged monthly.
  • Stock Statement not required.
  • Rate of interest charged is at present Below 10 Lacs 14%, Above 10 Lacs & upto 25 lacs 13% and above 25 Lacs upto 50 Lacs 11.75%.
  • Operations in the account like Current account.
  • Processing Charge @ 0.50% of the Loan Amount.
  • Sanctioned to reputed firms or in the name of proprietor/partner etc.
  • Sanctioned generally to traders in the name of firm or can be sanctioned in the name of person in whose name property is registered.