What is Cash Credit Limit

 

Cash credit is a loan extended to a company by a bank on the basis of Stock Value and Property Value. It enables a company to withdraw money from a bank account without keeping a credit balance. The account is limited to only borrowing up to the borrowing limit. Also, interest is charged on the amount borrowed and not the borrowing limit. 

 

Rate of Interest

 

Rate of Interest at present varies from 8.5% to 10%

 

Eligibility Criteria

 

In this type of Loan bank takes into consideration many business aspect.It takes into consideration your future expected return ,DSCR, Debt to Capital Employed ratio etc.

 

Positives & Negatives

 

You need to provide stock statement monthly/quarterly and your Drawing Power is set on the basis of your closing stock, Debtor and Creditor amount. However in this type of Loan, Bank can go upto 100% of Property Market Value which is not availaible in any other Loan

 

Our Services

 

It Requires a lot of Study and expertise to get the Desired CGTSME limit from Various Financial Institution.We provide the thourough Guidance for the same and Unlike other Financial Agent, we also provide the After Loan Service. We not only assist in getting Loan but also provide host of other services which are given below

 

Our Services Include :

 

  • Arranging New Funds
  • Managing your Existing Loan Portfolio
  • Guiding you regarding Low Rate of Interest,New better Products in the Market etc.
  • Guidance regarding how to Manage your accounts so as to Maximise your Loan Eligibility and minimise your EMI Burden
  • After Loan Services Such as Communication with various banks regarding your Various Needs such as Foreclosure Letter,Revision of Rate of Interest, List of Docs or any other requirement

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