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.