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CC / OD Limits

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CC / OD Limits

About CC/OD Limits

Get a secured or unsecured OD/CC/Working capital loan from India’s leading banks and financial institutions. Loan can be utilised for managing working capital requirement of your business.

 

Banks usually set working capital limits upto around 20% of your annual business turnover, subject to fulfilment of other criteria.


Our Process

  • Fix an appointment with TrueMoney.
  • At scheduled time our representative will pick the documents along with mandate letter.
  • Loan is approved by the institution selected by the customer.
  • In case of secured loan, legal and technical verification is carried out by the lending bank. Limit is set in customer’s bank account as per the instructions of the customer.


Documents Required

  • Application form with photographs of applicant and co-applicant.
  • Income documents ( Last 3 years' ITRs / Bank and Loan Statements for 1 year. 3 years' Balance Sheets for self employed ).
  • Proof of Identity: Passport / Driving License / Voters ID / PAN Card / Aadhaar Card  ( any one ).
  • Proof of Residence: Leave and License Agreement / Utility Bill / Passport / Aadhar Card  ( any one).
  • Property’s legal and technical documents.


Rate of Interest and Processing Fee

  • ROI and processing fees depends upon customer profile and respective bank policies.
  • Usually, the rates vary between 9% and 10%.


Our Fee

1% of the total working capital limit / exposure .


Authorized Associations



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