💼 Cash Credit Loan
Are you a business owner looking for a reliable source of working capital? The Kheda People's Co-Op Bank Ltd. offers Cash Credit Loans designed to support your short-term financial needs and business operations.
✅ Key Features:
- Purpose: To meet working capital requirements for businesses, traders, manufacturers, and service providers.
- Loan Limit: Based on stock, receivables, and financial assessment.
- Flexible Repayment: Interest is charged only on the utilized amount, not the entire sanctioned limit.
- Tenure: Typically reviewed annually.
- Security: Hypothecation of stock and receivables, along with other collateral as required.
📄 Eligibility:
- Proprietorships, Partnerships, Private Limited Companies, and other business entities
- Must have a sound financial track record and satisfactory banking history
📝 Documents Required:
- Business Registration Certificate
- KYC of proprietors/partners/directors
- Financial statements (last 2-3 years)
- Stock and debtor statements
- Existing loan details (if any)
