Cash Credit Trader Limit to Traders


Cash Credit Trader Limit to Traders

Beneficiery Individual,Sole Prop.,Firm, coop.soc.or a company.
Purpose Working Capital Requirments of business.
Loan Limit Rs.25.00 Lacs
Rate of interest 14.00%
Repayment Renewable on annual basis.
Collateral security Upto Rs.0.50 Lacs - Two Guarrantees , insurance& Hypothecation of Stock Above Rs.0.50 Lacs- Security required  150% of  Loan amt and as above.
Area of operation Loan shall be advanced in the area operation of Distt. Kapurthala
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