Cash credit is a type of short term loan provided to companies to fulfill their working capital requirement. A cash credit is a drawing account against credit limit granted by the Bank and is operated in almost the same manner as a Overdraft account. The distinction between an Overdraft and a Cash Credit is in the nature of the security.
Duly filled in Account Opening Form with valid residential proof, PAN Number, 1 photograph and introduction by existing account holder of the Bank.
|TYPE OF LOAN||RATE OF INTEREST (%)||PERIOD|
|Cash Credit||14.00||3 Years|
|Cash Credit(Adhoc Limit)||15.00||3 Months|