CC Loan : (Cash Credit Loan)

MDCC Bank provide Cash Credit Limit to meet, the working capital requirements based on your current and future expansion plans against the underlying securities i.e. Equitable mortgage of the property, Stock. We help you to meet your everyday operational fund requirements and immediate business obligations.
Key Points:

• Interest is to be paid only on the outstanding balance
• Low rate of Interest.
• Security required as per Banks Prescribed norms.
• Other conditions in line with working capital finance points.
• Personalized service and assistance by our Bank.
• Assessment on easy terms and conditions.
• Working capital finance not to be used for buying long term assets or investments.
• Adequate Drawing power to be maintained.
• This facility is subjected to renewal / revival once in Two years.
• Priority sector advances are encouraged.
• Eligibility calculated as per requisite Working capital.
• Service Charges and Share money will be as applicable.
• Collateral security required as per Banks Prescribed norms.

(For details please contact the Branch Manager of your nearest branch) For loan terms and conditions, eligibility criteria, interest rate, loan term, security, EMI amount etc. wherever required In detail can be enquired with the nearest branch.