Samata Bank provides cash credit accounts to small business entrepreneurs, SMEs. Samata Bank pioneered in sanctioning project loan(Working Capital) for execution of Govt. Projects. Such cash credit a/c need to be backed by co-lateral security and conditions apply for sanction of such cash credit facilities.
- Type of Loan : Cash Credit
- Purpose : Working Capital
- Maximum Loan Limit : 2 Crore
- Repayment : On demand (renewable every year)
- Margin : As per Banks policy from time to time.
- Rate of Interest : As per Bank B.O.D.
- Who can borrow : Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies
- Loan Amount : Need based – within the bank’s exposure limit
- Security : Pledging of FDs/LIPs and mortgage of immovable property.
- Duly filled in application form signed by the customer
- KYC Documents - Business Proof
- KYC Documents - (Applicant & Guarantor)
- Relevant financial documents - ITR/P&L /Balance Sheet ( Applicant & Guarantor)
- Stock Statement / Work Order List
- Bank account statement of last 6 months
- Photograph