{"id":1423,"date":"2024-08-07T05:21:59","date_gmt":"2024-08-07T05:21:59","guid":{"rendered":"https:\/\/karnatakaapex.com\/new\/?page_id=1423"},"modified":"2024-08-07T12:11:42","modified_gmt":"2024-08-07T12:11:42","slug":"cash-credit-facility","status":"publish","type":"page","link":"https:\/\/karnatakaapex.bank.in\/new\/retail-banking\/loan-products\/cash-credit-facility\/","title":{"rendered":"Cash Credit Facility"},"content":{"rendered":"\n<p>This loan is for helping traders to carry on business by availing working capital facility from the Bank.<\/p>\n\n\n\n<p>Maturity Facility:<\/p>\n\n\n\n<p>Overdraft\/Stock in trade loan.<\/p>\n\n\n\n<p>Limit:<\/p>\n\n\n\n<p>Maximum of Rs. 100.00 Lakhs<\/p>\n\n\n\n<p>Rate of Interest:<\/p>\n\n\n\n<p>14.00% per annum.<\/p>\n\n\n\n<p>Penal Interest:<\/p>\n\n\n\n<p>2.00% will be charged on overdue amount.<\/p>\n\n\n\n<p>Processing Charges:<\/p>\n\n\n\n<p>1.00% of the limit sanctioned.<\/p>\n\n\n\n<p>Pre-Closure Charges:<\/p>\n\n\n\n<p>1.00% on outstanding balance.<\/p>\n\n\n\n<p>Security:<\/p>\n\n\n\n<p>Stock in trade.<br>Collateral security of urban immovable property mortgaged to the Bank with 200% value of the limit sanctioned based on guidance valuation.<br>Eligible loan amount outstanding should not exceed 60% of the stock intrade or 50% of the guidance value of the propoerty mortgaged, whichever is lower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This loan is for helping traders to carry on business by availing working capital facility from the Bank. Maturity Facility: Overdraft\/Stock in trade loan. Limit: Maximum of Rs. 100.00 Lakhs Rate of Interest: 14.00% per annum. Penal Interest: 2.00% will be charged on overdue amount. Processing Charges: 1.00% of the limit sanctioned. Pre-Closure Charges: 1.00% on outstanding balance. Security: Stock in trade.Collateral security of urban immovable property mortgaged to the Bank with 200% value of the limit sanctioned based on guidance valuation.Eligible loan amount outstanding should not exceed 60% of the stock intrade or 50% of the guidance value of the propoerty mortgaged, whichever is lower.<\/p>\n","protected":false},"author":1,"featured_media":1424,"parent":1251,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"inner-page-retail-banking.php","meta":{"footnotes":""},"class_list":["post-1423","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/pages\/1423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/comments?post=1423"}],"version-history":[{"count":1,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/pages\/1423\/revisions"}],"predecessor-version":[{"id":1425,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/pages\/1423\/revisions\/1425"}],"up":[{"embeddable":true,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/pages\/1251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/media\/1424"}],"wp:attachment":[{"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/media?parent=1423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}