Builder Finance for Residential Housing/Commercial Projects.
Cash Credit is short-term funding or loan for a company to meet its working capital requirements.
Funding procured from cash credit loans can be used for various business purposes, such as business expansion, buying plant and machinery, purchasing raw materials, enhancing stocks, hiring staff, paying-off salaries, undertaking training, debt consolidation, etc. Cash credit has a loan repayment tenure of (data)
- Loan Limit : 80% of valuation of the mortgage property
- Loan Tenure Duration :36 Months (Renewal after 3 years)
- Processing fees : 1% + 18% GST
- Penalty Charges : 2% (if closed before 1 year)
- Type of Loan :Cash Credit / Overdraft for Builders.
- Purpose :Working Capital
- Repayment :On demand (renewable every three years).
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Rate of Interest : 12.99%
- Existing Customer already availing credit facilities from us.
- New units with marketable assets to offer as security.
- Takeover of existing units from other Banks/ FIs with satisfactory track record. (Credit Information Report to be obtained)
Who can borrow :
- Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies
Security :
- Mortgage of immovable property (residential/commercial).
Guarantors :
- Two Financial strong Guarantors Required .
Documents :
Duly filled form with :
- Income proof of Applicant and Guarantors
- Residential Proof of Applicant and Guarantors
- PAN card of Applicant and Guarantors
- KYC of Applicant and Guarantors
- Business establishment proof
- Three years latest ITR
- RERA Registration
- 10 PDC cheques
Cash Credit loan
Funding procured from cash credit loans can be used for various business purposes, such as business expansion, buying plant and machinery, purchasing raw materials, enhancing stocks, hiring staff, paying-off salaries, undertaking training, debt consolidation, etc. Cash credit has a loan repayment tenure of (data)
-
Cash Credit Loan ROI: 9.80% (for Loan Amount upto Rs.10 lakhs)
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Cash Credit Loan ROI: 11.00% (for Loan Amount from Rs.10 lakhs 1 to Rs.25 lakhs)
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Cash Credit Loan ROI : 12.99% (for Loan Amount above Rs.25 lakhs)
- Existing Customer already availing credit facilities from us.
- New units with marketable assets to offer as security.
- Takeover of existing units from other Banks/ FIs with satisfactory track record. (Credit Information Report to be obtained)
Who can borrow :
- Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies
Security :
- Mortgage of immovable property (residential/commercial).
Guarantors :
- Two Financial strong Guarantors Required .
Documents :
Duly filled form with :
- Income proof of Applicant and Guarantors
- Residential Proof of Applicant and Guarantors
- PAN card of Applicant and Guarantors
- KYC of Applicant and Guarantors
- Business establishment proof
- Three years latest ITR
- RERA Registration
- 10 PDC cheques
