CC Hyphenation Facilities
Cash Credit (CC) Hypo is one of the most favorite mode of financing. Traders, Industrialist and other borrowers avail this finance to meet their working capital requirements because it is considered as an elastic mode of borrowings. It is elastic because of the limits fluctuate according to the needs of the business. The limit of finance increase when the volume of goods increase and decrease when the volume of goods is decreasing.This is a Continuous Loan.Time limit of this loan may be one year or less. Customers may renew it with the direction of providing bank. Security of this loan will be hyphenation of stock in trade or stock in raw materials or Work in Process (WIP) and Finished Goods (FG).
For Expert Consultancy
Submit Query
Required Documents
- Copy of PAN Card of directors
- Passport size photograph of directors
- Aadhaar Card/ Voter identity card of directors
- Copy of Rent agreement (If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers(If owned property)
- Landlord NOC (Format will be provided)
