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.
Margin: As per Banks policy from time to time.
Repayment: On demand (renewable every year).
Purpose: Working Capital
Type of Loan:Cash Credit / Overdraft
Who can borrow? :Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies
Loan Amount:Need based – within the bank’s exposure limit
Security:Hypothecation of Stock & Book Debts and mortgage of immovable property (preferably commercial).