RATES

Cash Credit Accommodation Loans

Cash Credit Accommodation Loans

 

Cash Credit Accommodation to the Business People:

 

The Cash Credit accommodation will be sanctioned to the business people carrying on their trades besides the fulfillment of conditions noted in House Mortgage Loan.

 

  1. The applicant has to produce the certificate of Licence from the Commercial Taxes Department

Rate of Interest will be charged on the utilised amount @ 13.5% p.a.

The persons who have been sanctioned Cash Credit accommodation shall close at the end of the March of every year and fresh limits will be sanctioned from April onwards basing on the performance of the applicant in the previous year.  The decision of the Board of Management is sanctioning the limit is final.