CC Renewal <10L – Product Details

CC Renewal <10L – Product Details

Salient Features Of CC Renewal for Eligible Customers

Sl no.	Parameter	Scheme covenants
1	Who are eligible?	Regular accounts categorized as MSME, with Cash Credit Limit up to Rs. 10 Lakh, without non-fund-based facility For accounts with limit > Rs. 2 Lakhs, sum of credits should be > 60% of credit limit Customer should have valid email ID, soft copy of ITR, balance sheet, and latest stock and book debt statement
2	Purpose	Hassle free CC Renewal for entrepreneurs
3	Renewal Amount	Up to Rs. 10 Lakhs
4	Rate of interest	As per contractual rate of interest
5	Inspection	Post-Renewal - After renewal, the Bank Official will verify the customer's stock and other details through an in-person visit

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