Chanakya Financial Services provide Over Draft / Cash Credit ( OD/CC ) Facility is given by, banks and financial instituitions to fill up the working capital gap of businessmen to smoothen their business. This can be secured against any property.
A Cash Credit (CC) is a short-term source of financing for a company. In other words, a cash credit is a short-term loan extended to a company by a bank. It enables a company to withdraw money from a bank account without keeping a credit balance. The account is limited to only borrowing up to the borrowing limit. Also, interest is charged on the amount borrowed and not the borrowing limit. To learn more, check out CFI’s Credit Analyst Certification program.
CC Means Cash credit is a type of short term loan provided to companies to fulfill their working capital requirement. OD Means Overdraft is a facility given by the bank to companies, to withdraw money "more" than the balance available in their respective accounts. Security. Pledge or hypothecation of inventory.
Tenure for CC/OD loan?
Cash Credit and OverDraft both for 12 months and is renewable.
Limit for CC/OD loan?
Cash Credit and OverDraft both for Minimum RUPEE SIGN10 lakhs, maximum No Limit.
CC / OD Loan Eligibility
1. Pan Card
2. Adhar Card
3. Bank statements for the past 6 months
4. Educational Qualifications and Job Experience
5. Credit Score/history (history of past repayment)
6. Any outstanding loan amount
Options & Ideas started its journey in 2010. We are working with many reputed organizations all over in india.