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A class or C Class members of the Bank who are engaged in profitable business are eligible for availing Cash Credit for expansion of existing business or for starting new business

Quantum of Finance

Maximum Loan Amount – 10 Crore

Period of Loan

Business Cash credit is operative for a period of one year which can be renewed or enhanced provided operation on the limit are satisfactory


Advance is made against the mortgage of landed property, plant and machinery and other fixed assets or the hypothecation of goods in trade, raw material in production and finished goods. Deposit of title deed can also be applied if the original prior documents are submitted along with the title to be mortgaged

Interest Rate

The outstanding under the cash credit will carry interest at the rate of 14.00% per annum with monthly rests.

Share Linking

Share linking will be 2.5% of the limit sanctioned

Documents to be attached

  • Mortgage deed in the case of legal mortgage and original title deed
  • Possession Certificate
  • Tax receipt (village and building tax receipt)
  • Sketch and Location Certificate
  • Encumbrance Certificate
  • Registration Certificate/License of the firm as applicable under local laws
  • Audited Balance sheet and profit and Loss Account for the previous three years and provisional Balance sheet as on a latest date
  • Income tax returns of the previous three financial years
  • Stock statements if applicable and list of items of plant and machinery
  • Brief description on the nature of Business and prospects of the business

The Director Board of the Bank has resolved to enhance the interest rates on loans and advances with effect from 07.10.2015 as mentioned herewith

Amount Interest Rate
Up to 10000 8 %
10001 – 25000 9 %
25001 – 50000 10 %
50001 – 500000 12.5 %
500001-1000000 13%
1000001 and above 13.5 %