Purpose
Cash Credit Loan:
Cash Credit Loan (Working Capital) products can be categorized broadly :
Eligibility Criteria:
Individuals eligible for the loan include 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.
Eligibility Age:
21 to 60 Years
Loan Amount:
₹1 Crore
Loan Period:
15 Months
Individuals eligible for the loan include 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.
Eligibility Age:
21 to 60 Years
Loan Amount:
₹1 Crore
Loan Period:
15 Months
Security:
Primary Security: Stock & Book Debt
Additionally, at the Bank’s discretion, immoveable property, insurance policies, etc., may be accepted as security.
The age of the property must not exceed 30 years, and the residual life of the building should cover the loan tenure.
Guarantor:
Two guarantors with a regular source of income, including family members (subject to case evaluation).
Required Documents:
Primary Security: Stock & Book Debt
Additionally, at the Bank’s discretion, immoveable property, insurance policies, etc., may be accepted as security.
The age of the property must not exceed 30 years, and the residual life of the building should cover the loan tenure.
Guarantor:
Two guarantors with a regular source of income, including family members (subject to 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 currently staying on rent
- Copy of Degree Certificate (for Professionals)
- IT Returns – Minimum 2 to 3 Years
- Profit & Loss and Balance Sheet with schedules (minimum 2 years)
- Bank Statements – 6 Months to 1 Year
- Required licenses and certifications (case-specific)