Suvarnayug Bank offers Cash Credit to various segments of customers for their working capital requirement. This is a fund based facility to help fund working capital requirements of the business.
Rate of Interest:
TLinked with PLR As per Banks Credit rating.
As per Banks policy from time to time.
On demand (renewable every year).
Type of Loan:
Cash Credit / Overdraft
Who can borrow? :
Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies
Need based – within the bank’s exposure limit
Hypothecation of Stock & Book Debts and mortgage of immovable property (preferably commercial).