Cash Credit Facility to Traders

Beneficiary Individual, Sole Prop., Firm, Coop. Societies or a Company.
Purpose For meeting working capital requirement of business.
Loan Limit Rs 25 lacs
Rate of Intt 14%
Margin nil
Repayment Period Renewable on annual basis.
Collateral Security Immovable Properties for the value of 150% of the amount.
Area of Operation Loan shall be advanced in the area operation in the Muktsar district.
Penal Rate 2% above normal ROI