OD Limit/CC Limit

OD Limit/CC Limit

Your Lifetime Emergency Financial Assistance

Finance business agent

Do you dream of expanding your business to 2X/3X? We understand the finance requirement and we are here to help you accelerate your growth

At Finance Mart we review your current Financial structuring and we may help you to reduce your current Financial cost and increase your CC/OD Limits. Finance Mart assesses the probabilities of getting you a cheaper Finance structure and also assist in implementing the proposed financial structure.

Working capital plays vital role in successful operations of any business and we at Finance Mart help you to avail working capital facility in the form of cash credit or overdraft loan facility from various Banks/NBFC of Jamnagar, Gujarat, India.

FEATURES & BENEFITS OF CASH CREDIT (CC) LIMIT

  • Cash Credit limit can be available against holding of inventory such as raw material, finished goods and book debts of the unit.
  • Cash Credit limit can be availed to fulfill daily requirements like raw material purchase, labor wages, electricity charges, goods, misc business payments, etc.
  • Cash Credit Limit can be decided on the basis of holding level of current assets like inventory, debtors, creditors etc.
  • Compare to an Overdraft facility, the interest rate is lower in the cash credit facility.
  • Interest is calculated on the basis of Daily balance utilized in the CC Account.

FEATURES & BENEFITS OF OVERDRAFT (OD) LIMIT

  • An overdraft facility can be sanctioned against security of Immovable Properties, shares, mutual funds, fixed deposits or insurance policies.
  • Overdraft facility eligibility amount is calculated on the basis of value of the securities, turnover of the firm and Income Tax Returns of the firm and Promoters.
  • Unlike Cash credit, Overdraft limit remains consistent since limits sanctioned is not based on current assets.
  • Overdraft limit is hassle free as compare to Cash Credit regarding submission of monthly data
  • Interest is calculated on the basis of Daily balance utilized in the OD Account.
  • In Overdraft facility, drop line facility also can be obtained in which your sanctioned limit can be reduced on monthly basis

Documents required for Cash Credit/Overdraft Facility

  1. Passport Size Photographs
  2. KYC Documents of the Firm/Company
  3. KYC Documents of the Proprietor/Partners/Directors
  4. Business Address Proof: Telephone Bill/ Sales Tax registration certificate/ Electricity Bill
  5. Ownership Proof: Electricity Bill/house tax/property papers
  6. Income Proof: last 3 years audited financial along with audit report and Income Tax Returns and Statement of Income
  7. All Bank Account statement for last 1 year
  8. Sanction letter, Repayment Schedules and Statement of Accounts of existing CC/OD and Loan Accounts
  9. Collateral Security: Property papers which are offered as security

FAQ

Certified Financial Consultants offer financial advising to Businessman, MSME Units, government organisations, and private clients. In financial consultantcy service, an expert will offer an unbiased assessment of a suggested business strategy or choice. Financial consulting are primarily of two types – business and personal.

For individuals and companies, we offer complete financial planning, Fund Syndication and Business advisory services. For different needs, we provide a variety of service plans through personalised planning and guidance. Whether you are looking for Project Loan, personal loan, working capital loan, home loan or any type of financial assistance in jamnagar, we can help you.

Financial consultant specializes in providing financial advice to customers, based on their expertise and experience in fulfilling the financial needs of the customer. They help in – Understanding your Business needs and chalking out a financial plan Laying Specific, Measurable, Achievable, Realistic and Time-bound (SMART) plans Choosing specific loan options to remain financially fit with competitive cost of funding.

Financial consultants are experienced professionals who typically serve as a link between a company’s internal financial departments and its front-line commercial teams. They have the responsibility to convert internal financial data and goals into commercial knowledge that helps create new business. Also, we offer one of the trusted outsourcing accounting and bookkeeping services.

Finance Mart financial services have advantages over the competition in a number of crucial areas, including our relationship with Banks, market analysis, our services, financial planning and analysis consulting, and our mode of delivery. Our experts keep on educating themselves and reflect the same on their clients to get the funding from the Bank with lowest cost of funding.