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.
