Notification

Cash Credit Loan

Nature of Loan - CASH CREDIT LOANS TO INDIVIDUAL

Rate of Interest - 14.00%

Installment/ Period - 1 Year

Purpose - Business development and extension.

Max Loan Limit -. 60.00 lakhs

Security : against property (Plot / Building)

Documents Required for Cash credit Loan to Individuals:

  1. Registered Sale deed / Gift deed Registered / Partition deed.(Non Agri Property)
  2. Mutation copy (Order on change of Khata)
  3. Current Year Form No.3 (Urban areas) and Form No.9 & 11A (Villages)
  4. Tax paid receipt
  5. 15 years E.C compulsory
  6. Current Year Business License
  7. Previous year financial Business Audit Report from Chartered Accountant.
  8. N.D.C  from  other local banks.
  9. Stock Statement as on date
  10.  N.A  Order & Layout copy.

 

Nature of Loan - CASH CREDIT LOANS TO SOCIETIES

Rate of Interest - 14.00

Installment/ Period - 1 Year

Purpose - For fertilizers purchases and sales and working capital.

Cash Credit Loans for Co-op Societies is helping Co-operative societies which are affiliated to the Bank for different purposes. Financial accommodation to affiliated Cooperatives for working capital requirements will be given under the broad head ‘Cash Credit Loans’. Under this system the society has to make frequent drawls from as well as repayments into the accounts to suit the continuous nature of its financial transactions thus facilitating the most economical use of the accommodations during a fixed period.