Nagrik Cash Credit Facility (CC Limit)
Source : NSBGwalior Date : 11-Jun-2019
• 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.