Cash Credit/Overdraft

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 11.75%, Above 10 Lacs & upto 25 lacs 10.75% and above 25 Lacs upto 50 Lacs 10%.

Lower in comparison to OD or LAP.

 

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.