Samata Bank Provides Temporary Overdraft on merit basis within maximum exposure limits to cash credit account holders upto 10% of the existing cash credit limit and Overdraft against Current account with good track record.
- Type of Loan : Overdraft
- Purpose : Working Capital
- Maximum Loan Limit : Need based– within the bank’s exposure limit.
- Temporary Overdraft – Upto 10% of the existing cash credit limit.
- Overdraft against Current Account – 50,000/-
- 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)
- Bank account statement of last 6 months
- Photograph