The interest rate for availing Cash Credit loan varies from bank to bank which shall change from time to time and depends on the creditworthiness and financial history of the applicant.
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The interest rate for availing Cash Credit loan varies from bank to bank which shall change from time to time and depends on the creditworthiness and financial history of the applicant.
| Duly Filled Application Form | Passport-Size Photographs, Identity and Signature Proof, Passport. Pan Card, Driving License, Voter ID, Aadhar Card, Employee Identity Card in case of Government Employees |
| Address Proof | Bank Statement, Rent Agreement, Voter ID, Ration Card, Passport, Bills, Telephone, Electricity, Water, Credit Card Bill, Property Tax |
| Photo Identity Proof/ Age Proof | Voter ID, Secondary School Leaving Certificate, Birth Certificate, Passport, Aadhar Card, Pension Payment Order, Receipt of LIC Policy |
| Address Proof | Rent Agreement, Ration card, Passport, Driving License, Electricity Bill, Property Tax Receipt, Water Bill, Telephone Bill, Credit Card Bill |
| Income Proof | Salary Certificate, ITR, 2 years Form 16, Advance Income Tax Paid Challans, 3 years Assessment Orders, Registration of Business |
Cash Credit Facility can be availed by Individuals, Professionals, Business Owners, Companies, Partnerships, Sole Proprietorships, Limited Liability Partnerships (LLPs), Co-operative Societies, and Registered Trusts engaged in manufacturing, trading, and services categorized under MSME.
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
The loan amount offered by financial institutions depends on the volume of stocks and receivables possessed by a unit.
Yes, banks require collateral security of residential and commercial properties before sanctioning the Cash Credit limit.
You can use the money to meet your working capital requirements and for business expansion purposes.
All individuals, manufacturers, traders, retailers, distributors, companies, partnerships, sole proprietorships, LLPs, trusts, societies can apply for a cash credit loan.
Loan is a term loan offered by a financial institution at a defined interest rate to be repaid within specific tenure. Whereas, cash credit is a short-term working capital loan in the form of a credit limit offered by a bank to an enterprise.
The cash credit limit is calculated on the basis of the applicant’s profile, your relationship with the bank, financial stability of enterprise, repayment capability, and creditworthiness.
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