Overview

A cash credit loan is a short-term working capital loan for businesses that allows them to withdraw funds up to a sanctioned limit.

Eligibility Criteria

• Business vintage of at least 2 years
• Minimum annual turnover of ₹1 crore
• No history of loan default

Interest Rates

• Ranges from 10% to 18% per annum

CIBIL Score Requirement

• Minimum 700 required for easy approval

Benefits

• Flexibility in withdrawals
• Interest is charged only on the utilized amount
• Helps manage short-term liquidity needs

Documents Required

• Business registration proof
• GST registration certificate
• Last 2 years’ audited financial statements
• Bank statements for last 6 months