Flexible Working Capital Solutions for Your Business
Nav Jeevan Co-Operative Bank Ltd. offers Cash Credit (CC) and Overdraft (OD) Accounts designed to meet the short-term financial requirements of businesses, traders, professionals, and self-employed individuals. These facilities provide easy access to funds whenever required, helping customers manage working capital efficiently and maintain smooth business operations.
Features & Benefits
♦ Flexible Credit Facility – Withdraw funds as per your business needs within the sanctioned limit.
♦ Interest on Utilized Amount Only – Pay interest only on the amount actually utilized, not on the entire sanctioned limit.
♦ Continuous Access to Funds – Meet day-to-day operational expenses, inventory purchases, supplier payments, and other business requirements without disruption.
♦ Easy Cash Flow Management – Bridge temporary cash flow gaps and maintain liquidity.
♦ Competitive Interest Rates – Attractive rates tailored to your business requirements.
♦ Convenient Operations – Deposits and withdrawals can be made multiple times within the approved limit and validity period.
♦ Quick Processing – Simplified documentation and prompt service for eligible applicants.
Cash Credit Facility
A Cash Credit Account is generally granted against stocks, receivables, or other approved securities. It enables businesses to draw funds as and when required to support working capital needs.
Overdraft Facility
An Overdraft Account allows customers to withdraw funds beyond the available account balance up to the sanctioned limit. The facility may be granted against fixed deposits, property, or other approved securities.
Eligibility
♦ Proprietorship Firms
♦ Partnership Firms
♦ Companies
♦ Traders and Business Enterprises
♦ Professionals and Self-Employed Individuals
♦ Other Eligible Borrowers as per Bank Norms
Documents Required
♦ KYC Documents
♦ Business Registration Proof
♦ Financial Statements
♦ Income Tax Returns
♦ Bank Statements
♦ Security/Collateral Documents (if applicable)
♦ Any other documents as required by the Bank
Why Choose Nav Jeevan Co-Operative Bank Ltd.?
♦ Personalized Banking Services
♦ Customer-Centric Approach
♦ Quick Decision Making
♦ Transparent Terms and Conditions
♦ Trusted Banking Partner for Business Growth
For more information regarding eligibility, interest rates, security requirements, and terms & conditions, please visit your nearest branch of Nav Jeevan Co-Operative Bank Ltd.