CASH CREDIT
Type of Facility Term Loan
Eligibility The business units like Small Business Enterprises (SBE), Traders should have been established in the line of business for a minimum period of 5 years & making profits for last 2 years and submission of IT returns for three years
- Repayment Period one year.
- Processing Charges 1% of Loan Amount
- Rate of Interest Minimum 13.00% P.A. (subject to change as per change in PLR)
- Two Guarenter(Share Holder)
Security Hypothecation of stock & book-debts and Mortgage of immovable property Which is 50% value of Loan, (preferably commercial).