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1. Benefits & Features Of Cash Credit Loan
Cash credit is a type of short term loan provided to companies to fulfill their working capital
requirement. A cash credit is a drawing account against credit limit granted by the Bank and is
operated in almost the same manner as a Overdraft account. The distinction between an Overdraft and
a Cash Credit is in the nature of the security.
2. Eligibility criteria for Cash Credit loans
Individual in Single or Joint
Proprietary Accounts
Partnership Accounts
Private Limited Company
Trust Accounts
3. Document Required
Duly filled in Account Opening Form with valid residential proof, PAN Number, 1 photograph, Last three years balance sheet and profit loss and introduction by existing account holder of the Bank.
4. Loan Interest Rates
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