[et_pb_section fb_built=”1″ admin_label=”Hero” _builder_version=”4.16″ use_background_color_gradient=”on” background_color_gradient_stops=”rgba(51,13,105,0.49) 0%|rgba(48,201,205,0.44) 100%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”rgba(51,13,105,0.49)” background_color_gradient_end=”rgba(48,201,205,0.44)” background_image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/cash-credit.jpg” custom_padding=”|0px|120px|0px|false|false” bottom_divider_style=”asymmetric3″ bottom_divider_color=”#ffffff” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_font=”||||||||” text_text_color=”#FFFFFF” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_font_size=”40px” header_line_height=”1.4em” background_layout=”dark” max_width=”600px” custom_margin=”||30px|” custom_margin_last_edited=”off|desktop” header_font_size_tablet=”30px” header_font_size_phone=”24px” header_font_size_last_edited=”on|desktop” global_colors_info=”{}”]<\/p>\n
Our aim is to help your business with instant cash when needed.<\/p>\n
[\/et_pb_text][et_pb_button button_url=”#scheme-details” button_text=”view scheme details” _builder_version=”4.16″ custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”0px” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”|||on|||||” background_layout=”dark” custom_margin=”|||” custom_padding=”16px|40px|16px|40px|true|true” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px” button_bg_color_hover=”#0053ef” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”on” button_border_radius__hover=”4px” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”1px” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”on” button_bg_color__hover=”#0053ef” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”||10px||false|false” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/suco.bank.in\/wp-content\/uploads\/2023\/01\/64.png” title_text=”64″ _builder_version=”4.17.3″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” custom_css_main_element=”margin:auto;” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ text_font=”||||||||” text_line_height=”2em” header_font=”Poppins|600|||||||” header_font_size=”40px” header_line_height=”1.3em” header_2_font=”Poppins|600|||||||” header_2_font_size=”32px” header_2_line_height=”1.6em” max_width=”700px” module_alignment=”left” header_2_font_size_tablet=”24px” header_2_font_size_phone=”18px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n
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Many businesses run into cash problems often. Our aim is to help your business with instant cash when needed. This facility is extended to current account holders who have good credentials as seen by our market research.<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Features” module_id=”scheme-details” _builder_version=”4.16″ custom_padding=”0px||0px||true|false” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.16″ locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_font=”||||||||” header_font_size=”40px” header_line_height=”1.3em” header_2_font=”Poppins|600|||||||” header_2_font_size=”32px” header_2_line_height=”1.6em” module_alignment=”center” header_2_font_size_tablet=”24px” header_2_font_size_phone=”18px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Eligibility” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Eligibility-1.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
Borrowers in the name of firms \/ companies are eligible to avail Cash Credit limits. Customer should have GST registration and filed G S T returns regularly.<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Purpose of Loan” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/purpose-of-loan-1.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
To attract more & more small & medium business concerns by facilitating working capital limit under \u201cSME sector\u201d<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=” Repayment Period” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Repayment-Period-1.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
Tenure of the limit shall be for one a year and it shall be renewed every year based on the performance of the account by submitting the latest IT return \/ IT assessment order.<\/p>\n
[\/et_pb_blurb][et_pb_blurb title=”Rate of Interest” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Rate-Of-Interest-3.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
The present interest rate will be @ 14.75% & over limit penal interest will be @ 4%. Penal interest will be @3% PA.<\/p>\n
[\/et_pb_blurb][et_pb_blurb title=”Sanctioning Authority” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/sanctioning-authority-1.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
All loan proposals shall be sent to Head Office for sanction. CC limit will be sanctioned by \u201cOfficers Loan the committee\u201d at Head Office.<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Quantum of Loan” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/quantum-of-loan-3.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
20% of the average sales turnover based on G S T returns filed by the firms\/companies up to the maximum loan limit of Rs. 2 lakh, but within the ceiling limit per branch of Rs. 2 crores at any point of time.<\/p>\n
[\/et_pb_blurb][et_pb_blurb title=”Category of Loan” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/category-of-loaann.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
These loans are to be classified under \u201cPriority \u2013 SME\u201d sector.<\/p>\n
[\/et_pb_blurb][et_pb_blurb title=”Processing Charges” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Processing-Fee-1.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
1% of the loan amount without maximum ceiling limit.<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Charges” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Processing-charges-1.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
Inspection charges: Quarterly Rs. 450\/-
Nonsubmission of quarterly stock statements within 10 days of next month will attract a penalty of Rs. 10\/- per day from 11th day onwards.<\/p>\n
[\/et_pb_blurb][et_pb_blurb title=”Security” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/security-1.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” custom_css_main_element=”margin:auto;” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Application \/ Documentation” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/application-documentation-1.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Other Conditions” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Other-conditions-1.png” icon_placement=”left” content_max_width=”1100px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
Overdraft \/ Cash Credit Our aim is to help your business with instant cash when needed.Get your loan instantly, Contact us Now!Many businesses run into cash problems often. Our aim is to help your business with instant cash when needed. This facility is extended to current account holders who have good credentials as seen by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":242315,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"class_list":["post-242395","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/242395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/comments?post=242395"}],"version-history":[{"count":15,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/242395\/revisions"}],"predecessor-version":[{"id":245593,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/242395\/revisions\/245593"}],"up":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/242315"}],"wp:attachment":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/media?parent=242395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}