Cash Credit
Cash Credit
Imagine operating in a market that has been affected by a pandemic that has led to some of your clients going into lockdown? What would you do to maintain those consistent cash inflows and to manage your daily operations? How would you resolve vendor disputes while maintaining efficient corporate operations?
If you are wise enough, you would take out a cash credit loan to pay for any type of operational expense, such as buying raw materials, paying for overhead, paying off debt, buying inventory, and so on. Open a Moneymax running cash credit account and spend money whenever you require working capital.
Age Criteria
The minimum age of the business owner should be 25 years. However, it varies from lender to lender.
Entities
Business owners, companies, co-operative societies, MSMEs, sole proprietorships, partnerships and Limited Liability Partnerships (LLPs).
Documents Needed
KYC
- Pan Card
- Aadhaar Card
- Voter ID Card
- Passport
- Rent Agreement
- Registered Lease Deed
- Electricity Bill
Income Proof
- ITR with Computation of Income
- Profit & Loss Account
- Balance Sheet
Our Benefits
- It is a short-term loan with a repayment period of up to 12 months.
- The interest rate is charged only on the amount withdrawn and not on the total sanctioned limit.
- You can withdraw money as many times as required from within the sanctioned limit.