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Eligibility
Businessmen/professional having regular source of income
Primary Security
Stoke
Collateral Security
immovable/movable/FDR
Margin
not below 20%
Margin
Rate Of Interest
| Purpose | Tenure | Rate Of Interest |
|---|---|---|
|
c) Cash credit limits (including Bills Discounting Limits) GRADE I 1) Routing of Sales Turnover more than 90% of entire sales. 2) CIBIL/CRIF Score more than 750 (Commercial/Personal). 3) Submission of financial statements/stock statements within due date. 4) Availability of collateral security more than 150% limit. 5) Incurred profit for last 3 years. 6) Sales turnover more than eight times of CC limit. |
Maximum period of 12 months (Grade I) | 9% p.a. at monthly rest |
|
GRADE II 1) Routing of Sales Turnover more than 75% of entire sales. 2) CIBIL/CRIF Score more than 700 (Commercial/Personal). 3) Submission of financial statements/stock statements within due date. 4) Availability of collateral security more than 125% limit. 5) Incurred profit for 2 years out of previous 3 years. 6) Sales turnover more than six times of CC limit. |
Maximum period of 12 months (Grade II) | 10% p.a. at monthly rest |
|
GRADE III 1) Routing of Sales Turnover more than 50% of sales. 2) CIBIL/CRIF Score more than 650 (Commercial/Personal). 3) Submission of financial statements/stock statements within due date. 4) Availability of collateral security more than 100% limit. 5) Incurred profit for previous years. 6) Sales turnover more than five times of CC limit. |
Maximum period of 12 months (Grade III) | 11% p.a. at monthly rest |
|
GRADE IV All other cases at the discretion of the Board. |
Maximum period of 12 months (Grade IV) | 12% p.a. at monthly rest |
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