CASH CREDIT / OVERDRAFT

 

Credit facility to meet your working capital requirements of your business activity.

 

Eligibility

:

Firms / limited Company – manufacturing or Providing service.

Professionals & Self-employed persons.

Loan Amount

:

Need based.                                   

Repayment period

:

On demand

Rate of Interest

:

As per the credit ratings.

Calculated on the daily reduced balance of the loan.

Security

:

Equitable / registered mortgage of the premises owned.

Hypothecation of stocks, book debts & tangible assets.

Two guarantors acceptable to the Bank.

Documents required

:

Proof of residence – Electricity bill / Telephone bill / Passport Port copy

Proof of ID        - Pancard copy / Driving License.

Proof of income – Salary Slip / last 3 years Balance sheet / IT Returns with projections.Valuation report from Bank’s approved valuer.Bank Statement for last 6 months.  

Other documents on case to case basis.

 

Administrative Office

501, Central Plaza, 166 C S T Road, Kalina, Santacruz (East), Mumbai 400 098.

Tel No: 26656076 / 77 / 78 Tele Fax: 26656079

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