Purpose
Cash Credit Loan:
Cash Credit Loan (Working Capital) products can be categorized broadly.
Eligibility:
SEP / SENP – Self Employed Professional / Self Employed Non-Professional.
Non-individual entities shall be considered as second applicant/co-borrower.
The business should be owned by Applicant/Borrower Individuals, Firms, or Companies.
In case of Firms, all Partners must stand as Co-Applicants/Guarantors.
Loan Amount:
₹1 Crore (maximum), subject to 75% of the value assessed by the Bank’s panelled gold valuer.
Loan Amount (for specific cases):
Maximum ₹25 Lakhs
SEP / SENP – Self Employed Professional / Self Employed Non-Professional.
Non-individual entities shall be considered as second applicant/co-borrower.
The business should be owned by Applicant/Borrower Individuals, Firms, or Companies.
In case of Firms, all Partners must stand as Co-Applicants/Guarantors.
Loan Amount:
₹1 Crore (maximum), subject to 75% of the value assessed by the Bank’s panelled gold valuer.
Loan Amount (for specific cases):
Maximum ₹25 Lakhs
Security:
Primary Security: Stock & Book Debt.
Additionally, the Bank may accept other forms of security at its discretion, such as Immoveable Property, Insurance Policies, etc.
The property should not exceed 30 years in age, and its residual life must cover the loan tenure.
Guarantor Requirement:
Two guarantors having a regular source of income, including family members (may vary based on case evaluation).
Required Documents:
Primary Security: Stock & Book Debt.
Additionally, the Bank may accept other forms of security at its discretion, such as Immoveable Property, Insurance Policies, etc.
The property should not exceed 30 years in age, and its residual life must cover the loan tenure.
Guarantor Requirement:
Two guarantors having a regular source of income, including family members (may vary based on case evaluation).
Required Documents:
- Filled loan application form
- 2 Passport Size Photographs
- Identity Proof – Passport / Driving License / Voter ID / PAN
- Residential Address Proof – Leave & License, Registered Rent Agreement, Utility Bill (up to 3 months old), Passport
- Leave & License Agreement if the applicant is currently staying on rent
- Copy of Degree Certificate (in case of Professionals)