GSTIN - 24AABAA0969J1ZU 0261 2536772

Eligibility of borrower:

  • Having Current account holder of the Bank.
  • Borrower/Partners/Directors/Guarantors must be a member of the Bank.    

Purpose of Loan:

  • To meet Working capital Requirement     

Quantum of Finance:

  • 20% of annual tumover/sales.
  • Up to 65% of the value of the stock.

Share Linkage:

  • Borrower must have Bank share Linkage @ 1% of the loan sanction amount     

Repayment period:

  • Review/renewal in 1 Year. 


  • Nominal Processing Charge.
  • 2% closure charge of limit outstanding amount will be charged, In case of Cash credit limit closed above Rs. 10 Lakhs through Bank transfer.
  • Easy Process
  • Two Guarantors, out of one must be a non-relative guarantor

Primary Security:

  • Stock and book debts should be hypothecated to the Bank.
  • Stock should be stored in R.C.C. Built godown owned/rented by the borrower.
  • Letter of access will have to be got duly signed by the owner.
  • Bank's name plate indicating stocks hypothecated to the Bank will have to be displayed on godown where the stocks stored.
  • Godown premises and Stocks hypothecated to the Bank should be fully insured against the risk of fire, theft, burglary, flood, riots etc by the borrower at his own cost and the policy has to be with Bank clause.
  • Borrower has to submit stock statement monthly or as instructed by the Bank within 15 days of the succeeding month otherwise penalty will be levied for delayed submission.

Collateral Security:

  • Mortgage of property