Working Capital

Cash Credit Limit/Overdraft Limit
KMCB offers cash credit to various segments of customers for their working capital requirement. This is a fund based facility to help fund working capital requirements of the business.

1. Type of loan : cash credit / overdraft
2. Purpose : working capital for any business requirement.
3. Repayment : on demand (renewable every year).
4. Margin : as per bank policy from time to time.
5. Rate of interest : Linked with plr as per banks credit rating.

Eligibility

1. Who can borrow : proprietorship, partnership, pvt. ltd. & public ltd. companies
2. Loan amount : need based - within the bank's exposure limit
3. Security : hypothecation of stock & book debts and mortgage of immovable property.

Documents
Duly Filled Form With
● Income proof of applicant(s) & guarantor(s)
● Residential proof of applicant(s) & guarantor(s)
● Pan card of the applicant(s) & guarantor(s)
● KYC of applicant(s) & guarantor(s)

Income Proof :
For salaried
Salary slips of past 3 months, form 16, 26 as and income tax returns of past 3 years.
Salary deduction letter from employer of reputed company.

For businessmen
Income tax returns, profit and loss account and balance sheet of past 3 years.