Services

Cash Credit Loan

  • Vidya Sahakari Bank Ltd. - Cash Credit Loan Purpose :
    For Working Capital Requirement / Business Purpose
  • Eligibility :
    Businessmen with satisfactory background
  • Margin :
    30% for manufacturers
    40% for Traders
  • Rate of Interest :
    Vary as per case to case from 14% to 16%
  • Security Prime / Collateral :
    Hypothecation of Stock & Book Debts or Machinery
    Equitable / Registered mortgage of immovable property
  • Guarantee :
    Two competent guarantors acceptable to bank.
  • Processing Charges :
    0.5% of the loan amount applied.
  • Shareholding :
    2.50% of loan amount
  • Documents Required :
    I. Latest Photograph, Photo Identity Proof, Residence proof of the Applicant and Guarantors
    II. Last 2 years profit & loss, ITR copies of last 3 years, balance sheet and bank statement of business account for last 6     months.
    III. Other documents required by bank as per the proposal.
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