Cash Credit Loan - Sampada Sahakari Bank

SAMPADA CASH CREDIT

WORKING CAPITAL

Working Capital for your Business Growth

Interest

Interest charged only on utilized amount.

Renewal

Yearly renewal based on turnover.

Hypothecation

Limit against Stock & Book Debts.

Margin

25% to 40% Margin on Stock/Debtors.

Stock Statement

Monthly Stock Statement submission.

Required Documents

Business Registration (Shop Act/Udyam)
GST Returns (Last 12 Months)
ITR with Balance Sheet (3 Years)
Bank Statement (Last 12 Months)

Project Report / CMA Data
Stock Statement
Property Documents (Collateral)
KYC of Proprietor/Partners

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Interest Estimator

Estimate monthly interest on utilized amount.

Utilized Limit ₹ 500000

Interest Rate 10.5%

Approx. Monthly Interest

₹ 4,375

*Actual interest calculated on daily product basis.

CC Limit Process

Step 1: Application

Financials & Project Report

Step 2: Visit

Stock & Unit Inspection

Step 3: Sanction

Board Approval

Step 4: Limit Setup

Account Activation

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