Co-operative Bank

The Cooperative Bank, Kapurthala

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.
Processing Fee
Upto Rs.50000 1% of limit sanctioned p. a.(min Rs.500) + GST
above Rs.0.50 to 2.00 Lakh 1% of limit sanctioned p. a.(min Rs.1000) + GST
above Rs.2.00- to 10.00 Lakh 1% of limit sanctioned p. a.(min Rs.2000 & max Rs.5000) + GST
above Rs.10.00 lakh 1% of limit sanctioned p. a.(min Rs.5000 & max Rs.10000) + GST
Area of operation Loan shall be advanced in the area operation of Distt. Kapurthala

 

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