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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
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