Commodity Pledge loan and Cash Credit / Overdraft facilities are provided to established traders
in the commodity market (mandis) to meet their working capital needs.
Target: Traders at Mandi’s and other traders in commodities
Features & Benefits of Cash Credit Loan
Cash credit is a short-term loan with a repayment period of 12 months
Interest rate charged by the lender is on the money withdrawn and not on the total sanctioned limit
Money can be withdrawn any number of times from the sanctioned limit
Cash credit is always offered against collateral or security
Credit limit is sanctioned considering the company’s turnover and volume
Cash credit can be repaid in form of monthly, quarterly, or half-yearly repayments
Interest rate paid on cash credit loan is tax-deductible
Cash Credit Loan Eligibility
Nationality: Indian
Business vintage: At least 3 years
Work status: Self-employed
Minimum age is 24 years
Maximum age is 70 years
Cash Credit Loan Documents Required
You need to submit the following documents while availing the loan:
Duly filled application form with Passport-sized photographs
Business PAN card
KYC documents: Applicant’s Passport, Driving License, Voter’s ID card, PAN card, Aadhar card, Utility Bills (Water/ Electricity Bills)
