Cash Credit | Overdraft
Flexible Credit
Affordable Rates
Quick Access
Clear Terms
Features & Benefits
- Features:
Flexible Funding: Use funds as your business needs, with a flexible credit limit.
Affordable Finance: Enjoy low-cost financing, saving on interest expenses.
Swift Access: Quick and easy access to funds, ensuring your business stays agile and responsive.
- Benefits:
Adaptable Financing: Tailor your fund usage with a flexible credit limit, adapting to your evolving business needs.
Cost Savings: Benefit from cost-effective financing with lower interest rates, ensuring savings for your business.
Quick Help: Rapid access to funds, providing immediate assistance when needed.
- Eligibility
Running Business: Typically, businesses with a minimum operational period, often a year or more.
Financial Stability: Demonstrated financial stability and a positive cash flow.
Credit History: A good credit history for favorable terms and conditions.
Nature of Business: The type and nature of the business may influence eligibility.
Collateral: Depending on the credit facility, collateral or security may be required.
- Documentation
Business Registration: Proof of legal registration of the business.
Financial Statements: Recent balance sheets, profit and loss statements, and cash flow statements.
Bank Statements: Recent business bank statements.
Business Plan: An outline of how the cash credit or overdraft will be utilized.
Credit History: Business and personal credit history.
Collateral Documents: If required, documents related to collateral or security.
- Fees & Charges:
Interest Rates: The cost of borrowing, typically charged on the utilized amount.
Processing Fee: Charged for processing the application for cash credit or overdraft.
Renewal Fees: Fees for renewing or extending the cash credit or overdraft facility.
Late Payment Fees: Imposed for delayed repayment of the utilized amount.
Prepayment Charges: Fees for repaying the borrowed amount before the agreed tenure.
