For working capital of business.
In case of Cash Credit facility 70% of Stocks and 75% of Debtors/Receivable.
In case of Overdraft Facility ranging between 50% and 90% of security price.
Businessman-Sole Proprietor/Partnership Firm/Limited Company/Professional/ Self employed person etc.
Ranging between 10% and 50%
Regular Member/Nominal Member of Bank.
One year for overdraft against property. Up to maturity date in case of Overdraft against Term Deposit/NSC/KVP/IVP/LIC Policy etc.
No surety for overdraft against Term Deposit/NSCs/KVPs/IVPs/LIC Policy Minimum two sureties maximum depends on merit of proposal in case of Overdraft against property/Fixed Assets and Cash Credit Facility.
Hypothecation of stocks, Book debts, Machineries, Furniture, Equipments and/or Registered/Equitable Mortgage of immovable property, Assignment of Life Insurance Policies, NSCs, KVPs, IVPs etc, Lien of Term Deposit
As per Bank Policy.
Are applicable from time to time.
Self certified KYC documents, Existing Bankers Statement for last one year, And/or IT Returns with computation of income and Financial statements for last three consecutive years. In case of Businessman/Self employed/Proprietor/Partnership firm/Limited Company. Professional IT Returns are compulsory along with other necessary documents, Security Documents.