Cash Credit Limit

Eligibility

Businessmen/professional having regular source of income

Primary Security:

Stock

Collateral Security:

immovable/movable/FDR

Margin:

not below 20%

Rate of Interest


Purpose Tenure Rate Of Interest
c) Cash credit limits (including Bills Discounting Limits)

GRADE I
1) Routing of Sales Turnover more than 90% of entire sales.
2) CIBIL/CRIF Score more than 750 (Commercial/Personal).
3) Submission of financial statements/stock statements within due date.
4) Availability of collateral security more than 150% limit.
5) Incurred profit for last 3 years.
6) Sales turnover more than eight times of CC limit.		 Maximum period of 12 months (Grade I) 9 % p.a. at monthly rest.
GRADE II
1) Routing of Sales Turnover more than 75% of entire sales.
2) CIBIL/CRIF Score more than 700 (Commercial/Personal).
3) Submission of financial statements/stock statements within due date.
4) Availability of collateral security more than 125% limit.
5) Incurred profit for 2 years out of previous 3 years.
6) Sales turnover more than six times of CC limit.		 Maximum period of 12 months (Grade II) 10 % p.a. at monthly rest
GRADE III
1) Routing of Sales Turnover more than 50% of sales.
2) CIBIL/CRIF Score more than 650 (Commercial/Personal).
3) Submission of financial statements/stock statements within due date.
4) Availability of collateral security more than 100% limit.
5) Incurred profit for previous years.
6) Sales turnover more than five times of CC limit.		 Maximum period of 12 months (Grade III) 11 % p.a. at monthly rest
GRADE IV
All other cases at the discretion of the Board.		 Maximum period of 12 months. (Grade IV) 12 % p.a. at monthly rest

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