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Hypothecation Cash Credit
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Bank Provide Hypothecation Cash Credit to its customer for day to day need of business.
We offer Hypothecation Cash Credit to the customer by Bank’s hypothecation on stock.
Hypothecation Cash Credit renew every year by the Bank.
The purpose for availing cash credit should retain.
We design our cash credit scheme suitable for wholesalers, stockiest, Manufacturers, retailers, traders etc.
Enough Insurance is required in favor of Bank
Interest will be debited on monthly basis on all Cash Credit accounts.
In terms of Hypothecation Cash Credit against stock, customers have to submit the stock statement monthly before 10th date of month.
2 guarantors are required for this cash credit.
Monthly drawing power is decided on the basis of monthly stock statement provided by the customer.
Customers have to provide necessary documents as per Bank’s requirements.
Initial Requirements For Hypothication Cash Credit
Sufficient Colleteral Security is required.
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