Nagrik Cash Credit Facility (CC Limit)

• Purpose - for working capital in business.

 

• Loan amount - Based on stock valuation and financial sheets.

 

• Securities - Stocks engaged in trading and guarantee of one member accepted by the Bank.

 

• Co-surety - Immovable property of the debtor or guarantor / NSC/KVP/ Insurance Policy etc.

 

• Insurance - Stock and Mortgage property will have to be insured and mortgage deed will have to be edited.

 

• Duration of Cash Credit Facility will be 1 year. The facility will have to be renewed after 01 year.

 

• Applicant will have to submit three years financial sheets and income tax return.

 

• No monthly installment for loan repayment. Only the interest will have to be paid monthly.

 

• Interest Rate -: Click here.