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Objective
To provide hassle free credit, based on the
assessment of cash flow without insistence on security, purpose or end use of
credit.
Nature of Facility
Revolving Cash Credit.
ELIGIBILITY
Bank’s individual customers with sources of
adequate income in rural & semi-urban areas
Validity
Valid for 3 years subject to satisfactory
operation of account and renewed on a yearly basis. The aggregate credits in the
account during the 12 months period should normally be equal to the maximum
outstanding in the account. No withdrawal in account should remain outstanding
for more than 12 months.
Quantum of loan
Maximum Rs.25,000/-
Rate of interest
11% p.a. with monthly rests.
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