Cash Credit Limit
Cash credits limit helps the enterprise to raise finance in terms of need. It is done against the security offered upon as collateral on the account in exchange for cash. Collateral could be a tangible asset, such as stock in hand, raw materials, or some other commodity.
The limit provided through the cash credit account against a percentage of the value of the security offered.
Credit capacity provided to the enterprise.
Interest is charged on the amount that is used not on the entire limit provided to the applicant.
Short-term, Quick and easy.
Who Can apply
Private Ltd, Public Ltd, LLP, Proprietor
1 year bank statement of the company.
PAN card of the company.
PAN card of the Promoters/Directors.
Business registration document.
Company address proof.
3 years balance sheet, P&L with audit report.
3 years I.T.R of the company.