The Navnirman Co-Operative Bank Ltd. offers Secured Cash Credit Loan facilities to meet the working capital needs of businesses and self-employed professionals. This loan is designed to help manage day-to-day operational expenses, purchase of raw materials, inventory maintenance, and more.
Key Features:
- Loan Type: Secured Cash Credit (against tangible security such as property, fixed deposits, or other acceptable collateral)
- Eligibility: Traders, manufacturers, service providers, and other eligible business entities
- Purpose: To support working capital requirements
- Loan Limit: Based on the value of security and financial assessment
- Security: Immovable property, liquid assets, or any other acceptable collateral
- Interest Rate: Competitive rates as per bank policy
- Repayment: Operated through a cash credit account with monthly interest servicing
- Tenure: Renewable annually or as per sanction terms
Benefits:
- Easy access to funds when needed
- Helps manage business cash flow efficiently
- Lower interest compared to unsecured loans
- Flexibility in utilization of funds
For more details and application assistance, visit your nearest branch of The Navnirman Co-Operative Bank Ltd. or contact the customer service team.
