CASH CREDIT
About Cash Credit / Overdraft
Indrayani Bank offers Cash Credit to various segments of customers for their working capital requirement. This is a fund based facility to help fund working capital requirements of the business.
Benefits
- Rate of Interest: 13% to 15%
- Rate of Interest:
13% to 15% Margin:
As per Banks policy from time to time.- Repayment:
On demand (renewable within 12 months). Purpose:
Working Capital- Type of Loan:
Cash Credit / Overdraft Who can borrow? :
Individual, Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies- Loan Amount:
Need based – within the bank’s exposure limit - Security:
Hypothecation of Stock & Book Debts and mortgage of immovable property (preferably commercial) as collateral security.