Page-header-breadcrumb

Cash Credit

Cash Credit facility is provided to Mid / Large corporates for meeting working capital requirements.

Features

  • Cash credit is a short-term source of finance provided to the borrower for meeting working capital requirements.
  • Period of the facility is up to 12 months.

Eligibility

  • All Corporates having turnover Rs.500 Crores and above- Preferably AAA and up to A rated corporate
  • Corporates with short-term rating of P1+, PR1+ and top Corporates who do not have credit rating for their debt instruments, mainly Central PSUs/Corporations, Maharatna / Navaratna / Miniratna companies

Security

Primary
  • Hypothecation / extension of Hypothecation charge over the underlying current assets.
 
Collateral
 
  • Charge on fixed assets and or hypothecation of machinery / assets.
 
Others
 
  • Personal guarantee of Proprietors / partners / promoters OR Corporate guarantee

YOU-MIGHT-BE-INTERESTED-PRODUCT-PAGE

You might be interested

Recommendations for a safe and easy banking experience

Blog

Stay tuned to banking innovations & trends and make smart financial decisions

Learn More
Tutorial Videos

Watch tutorial videos about our products & services and harness the power of digital banking.

Learn More
Safe Zindagi

Our guidelines and tips for secure banking with total peace of mind

Learn More