Cash Credit Loan At 10.00% P.A.

Get money quickly with Cash Credit Loan

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  • Interest rate charged by the lender is on the money withdrawn and not on the total sanctioned limit
  • Money can be withdrawn any number of times from the sanctioned limit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)
  • Income Proof: Last 6 months’ bank statement
  • Business Incorporation Certificate
  • Business address proof
  • Ownership proof: Company’s deed
  • Details of collateral or security to be submitted
  • Any other document required by the lender