Cash Credit Facility
Manage Your Cash Flow Effortlessly with
Cash Credit Loans
What is Cash Credit and Why Should You Consider It?
Defination:
Cash Credit is a financial facility that allows businesses to access funds up to a pre-approved limit, providing a flexible solution for managing working capital and cash flow needs. This facility is designed to help businesses cover operational expenses, purchase inventory, and manage other short-term financial requirements efficiently.
CreditCares offers a Cash Credit facility with competitive interest rates, giving your business the liquidity it needs to thrive. With easy access to funds and interest charged only on the amount used, our Cash Credit service ensures your business remains financially agile and prepared for growth. Apply now and experience hassle-free financial management with CreditCares!
- Interest is charged only on the amount used
- Immediate access to additional funds
- Effective management of unexpected costs
Whether you’re a small business owner or a growing enterprise looking for loan in kolkata, our business loan is designed to help you achieve your business objectives.
Key Feature's
Loan amount
30 Lakh - 1 Crore's
Loan Tenure up-to
48 months
Loan Sanction in
30 days
Disbursement time
5-6 days
Eligibility & Documentation
Who Can Apply?
Business owners, including sole proprietors, partnerships, corporations, and LLCs, can apply for business loans. Eligibility generally requires a good credit score, a solid business plan, and financial statements demonstrating revenue and profitability.
CIBIL Score of 700 or higher
Business operational for 2+ years
12 months bank statement
Gst Registration Certificate
Get your Loan in 4 easy steps
01.
Apply for Loan
Complete the loan application form online with your personal and financial details.
02.
Documentation and KYC
Submit necessary documents and undergo KYC verification to ensure compliance with regulatory requirements.
03.
Accept the Loan Offer
Review the loan offer, including terms like loan amount, interest rate, and repayment schedule. If it fits your needs, accept it.
04.
Disbursement
Once you accept the offer, the lender will transfer the funds to your bank account.
Documents Required
Ensure smooth processing of your business loan application by providing the necessary documents.
- Passport (optional)
- Driver’s license
- Aadhar card*
- Voter ID card
- PAN card*
- Utility bills (electricity, water, gas)*
- GST registration certificate.
- Partnership deed (for partnerships business)
- Memorandum and Articles of Association (for companies)
- Trade license
- Shop and Establishment certificate
- Udyam certification with annexure
- GST certificate
- Business bank statements
- Income tax returns of the business
- GSTR 3b
- Audited financial statements (Profit and Loss statement, Balance Sheet)
- Business income proof (such as sales invoices, contracts, or revenue statements)
- Passport-sized photographs
- References
- Any additional documents requested by the lender
- Having a co-applicant is mandatory.
- In certain cases, having a woman co-applicant is also mandatory.
- A co-applicant can be a spouse or any first blood relative, such as parents, siblings, or children who have attained the age of maturity (subject to the income-ownership grid).
- All co-owners of the property must be part of the loan structure.
- Friends cannot be co-applicants unless they are coming in the capacity of partners, directors, or shareholders.
Official Lending Partners
Our Happy Clients
Excellent Customer Service and Support
Big thanks to Creditcares! Mere business ke liye ek perfect rate me loan mil gaya. very fast process, aur mera cibil bhi ab 740+ hogya. Props to the team for keeping it real and helping me level up
Excellent Customer Service and Support
Excellent Customer Service and Support
Frequently Asked Questions
Find out you answers here