Cash Credit
Empowering the entrepreneur in you
Overview
Why Worry About Cash Crunch
SVC Bank leaves no stone unturned to empower entrepreneurs. Our cash credit facility is a short term loan provided to fulfil the working capital requirements of your business plan. Cash credit functions like a Current Account with cheque book facility, and is provided for hypothecation of stock i.e. raw materials, work in progress / finished goods, etc. or on the guarantee of book debts (debtors) or other collateral security, as per banking company norms.
| Who can Borrow | Proprietorships, Partnerships, Pvt. Ltd., and Public Ltd. Companies |
| Type of Loan | Cash Credit |
| Purpose | Working Capital |
| Limit | Need based - within the Bank's exposure limit |
| Security | Current Assets |
| Margin | 25% to 40% |
| Repayment | On demand |
| Rate of Interest | As applicable from time to time |
*Conditions Apply
