Cash Credit for Traders

A revolving working-capital limit for shopkeepers and traders, secured against stock-in-trade and receivables, letting the business draw and repay funds as cash flow requires.

Features

• Revolving limit — interest charged only on the amount actually utilized.
• Renewable annually, subject to satisfactory account conduct and review.
• Suited to inventory purchase, seasonal stocking and day-to-day working-capital needs.

Eligibility

• Sole proprietors, partnership firms and registered traders with an established business.
• Satisfactory turnover / business track record.

Margin / Security

• Hypothecation of stock-in-trade and/or book debts, as assessed by the Bank.

Documents Required

• Business registration / trade licence.
• Recent stock statements and financial records.
• Photograph and photo identity / age proof.
• Signature verification and residence address proof.
• KYC documents (PAN, Aadhaar, etc.) for borrower and guarantor.
• Nominal member application with applicable fee.