The Ankola Urban Co-Operative Bank LTD offers a Secured Cash Credit Loan, a working capital facility provided against collateral. Key features include:
- Purpose: To meet business working capital requirements.
- Eligibility: Available to Individuals, Proprietorship Firms, Partnership Firms, Private and Public Limited Companies, and LLP Firms.
- Security: Requires primary security of stock and book debts, along with SARFAESI compliant collateral security.
- Guarantor: One guarantor is required for loan limits up to ₹25.00 Lakh, and two guarantors are needed for higher amounts.
- Tenure: The facility is provided for three years, subject to annual review and renewal after the three-year period.
For detailed information on the product, it is advisable to visit the nearest branch of The Ankola Urban Co-Operative Bank LTD.
