Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Cash Credit Loan

    What is Cash Credit Loan?

    Cash credit is a cash loan given to a company. The bank provides the funding only after they acquire the required security to secure the loan. When the security has been provided, the company can continuously draw money from the bank to the specified limit set by the bank.

    In India, cash credit is offered to businesses to finance their working capital requirements. The businesses can buy raw materials, machinery or buildings. The cash credit account is very much similar to the current account. But current account allows overdraft facility occasionally whereas cash credit account is supposed to be overdrawn continuously. The overdrawing limit will be set by the bank and the limit is sanctioned based on the working capital requirement of the company minus the margin.

    Perfect Personal Loan Deals for you

    The following banks offer Cash Credit Loans:

    ICICI Bank Cash Credit Loan

    Working Capital Finance is offered by ICICI Bank. It is an innovative way to finance the working capital requirement for your business. The bank offers the following facilities:

    Cash credit limit or overdraft facility to meet your daily requirements.

    Working capital limits to meet your export requirements.

    Working capital limits in the form of Letters of Credit and Buyers Credit to ensure the goods are delivered on time.

    Bank Guarantees to meet performance and financial obligations.

    Apply for Personal Loan

    HDFC Bank Cash Credit Loan

    HDFC Bank offers Commodity Pledge Loan and Cash Credit or Overdraft facility to meet the working capital requirement of your business. The overdraft facility is provided after assessing working capital requirements. The borrower will have to provide 3 years financial statement to the bank.

    IDBI Bank Cash Credit Loan

    IDBI offers working capital finance- IDBI Bank Working Capital. The working capital funds are finances to purchase raw materials, stores, fuel, paying the labour, power charges, storing goods, etc. The credit is granted against hypothecation of stock. You will have to open a running account and drawings are regulated within the permissible drawing limits.

    Axis Bank Cash Credit Loan

    Cash credit is offered to meet the day to day working capital requirement needs. The credit is provided against the primary security of stock, debtors, current assets and collateral security of movable and immovable assets. The interest is sanction on the amount utilised.

    Oriental Bank of Commerce (OBC) Cash Credit Loan

    Loan for traders is offered buy Oriental Bank of Commerce to meet the day-to-day working capital requirements. Term loan is offered to acquire premises or land or to construct a building to run the business. The loan is also provided to repair, furnish or renovate and to purchase brand new equipments, software, business tools, computer or UPS.

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