• Bank Provide Hypothecation Cash Credit to its customer for day to day need of business.
• We offer Hypothecation Cash Credit to the customer by Bank’s hypothecation on stock with Property Mortgage (Equitable Mortgage)
• Hypothecation Cash Credit renew every year by the Bank.
• The purpose for availing cash credit should retain.
• We design our cash credit scheme suitable for wholesalers, stockiest, Manufacturers, retailers, traders etc.
• Enough Insurance is required in favour of Bank.
• Interest will be debited on monthly basis on all Cash Credit accounts.
• In terms of Hypothecation Cash Credit against stock, customers have to submit the stock statement monthly before 10th date of month.
• 2 guarantors are required for this cash credit.
• Monthly drawing power is decided on the basis of monthly stock statement provided by the customer.
• Customers have to provide necessary documents as per Bank’s requirements.

Initial Requirements For Hypothication Cash Credit

• Sufficient Collateral Security is required.