| Loan Type | Cash Credit / Overdraft |
|---|---|
| Purpose | Working Capital |
| Eligibility | Proprietorship,partnership,Pvt Ltd., Public Ltd. Companies. |
| Loan Amount | Need based - within the Bank's Exposure limit |
| Margin | 40 % in favour of Bank |
| Mode Of Repayment | Annual Review/Renewal of facility but repayable on Demand. |
| Repayment Period | On demand ( Renewal every year) |
| Roi | As per Bank's policy (Minimum 10.50 % to Maximum 13.50% * Terms conditions apply) |
| Security | Hypothecation of stock & book debts upto Rs. 15.00 Lakhs |
| Guarantors | Two acceptable guarantors |
| Collaterals | CC/OD limit More than Rs.15.00 lakhs (Immovable property / Govt. Securities such as NSC/KVP, LIC policy and Term deposit of our Bank as a collateral Security) |
| Processing Fees | 0.50% of sanctioned loan amount |
| Other Charges | As per Bank's policy |
| Banks Shares | 2.5 % of the loan amount |
| Prepayment Charges | No pre closure charges |