CASH CREDIT

What is Cash Credit Loan and how does it work?

Access to credit is a vital requirement for any enterprise irrespective of its size. Whether it is to pay labor wages or buy raw materials, maintenance of stored goods, or manage the supply chain, companies are in constant need of credit even when the returns are not consistent. Available for a period of up to 12 months, cash credit loans can be withdrawn as many times by the borrower within that time, up to the borrowing limit. Banks lend cash credit loans to companies on the basis of their creditworthiness, which is determined by their current assets and liability. An important feature of a cash credit loan is that once it is approved, the interest rate is charged only on the amount withdrawn, not on the whole borrowed limit. However, companies are required to pay a minimum commitment charge irrespective of whether they use any amount or none at all.

Features & Benefits of Loans

HIGH VALUABLE LOANS
EASY LOAN REPAYMENT
100% TRANSPARENCY
QUICK AND EASY DISBURSALS
SECURE YOUR LOAN
ATTRACTIVE RATES OF INTEREST

Benefits of cash credit loans

A major advantage that a cash credit loan offers enterprises is that they do not need to worry about liquidating their stocks and assets to avail of the loan. The tenure of the cash credit loan can be renewed once it expires but it involves a re-evaluation of the terms and conditions. On account of them being of a smaller amount than regular loans, a cash credit loan can be easily arranged by the banks after the valuation of a company’s assets. A cash credit loan can be withdrawn multiple times once it is approved, as long as the withdrawn amount falls within the borrowed limit. Another benefit that companies get from a cash credit loan is that the interest is tax-deductible. Since the interest is only applied to the amount that is withdrawn, companies can deposit excess funds to mitigate the burden of interest.

F.A.Q

WHAT ARE THE ELIGIBILITY CRITERIA TO GET CASH CREDIT LOANS?

A company’s stock and assets like raw materials, work-in-progress, finished goods, stock-in-trade, etc., are used as collateral security against which the value of a cash credit loan is determined and provided. Just give us a call and get the entire information.
WHAT ARE THE CASH CREDIT LOAN INTEREST RATES, FEES, AND CHARGES?

Get the best offers on cash credit loans only from us. We offer these loans at extremely low-interest rates to help you transform your every dream into reality.
HOW CAN WE APPLY FOR A CASH CREDIT LOAN?

Applying for a cash credit loan is a hassle-free and swift process. All you need to do is fill out an online application form on our website with all the necessary details and click ‘Submit.’
HOW MUCH TIME WOULD IT TAKE FOR THE LOAN TO BE APPROVED?

You would not need to wait for days to know whether the cash credit loan has been approved or not. At Duttcon Financial Services, everything is completed within the minimum amount of time possible. Just complete the application procedure and rest assured.
HOW CAN WE ENSURE THAT WE ARE IN SAFE HANDS?

To us, our customers are everything. You need not worry about security. We work with prominent loan and insurance companies such as SBI, Bank of Baroda, Axis Bank, Kotak Mahindra bank, DHFL, Bajaj Allianz, HDFC Life, etc to name a few.