Protect Your Business with Insta Overdraft Facility at Bhumi Finance

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Cash Credit & Overdraft - Features

Support your cash flows and ongoing operational expenses with ready source of funding by availing Bank’s secured loan products. Residential/Commercial property, Fixed deposits, Liquid collateral, etc. can be offered as security. Interest on these products is charged only on the utilized amount.

Loan amount can be availed from minimum of 10 lakhs up to 3crs
Facility renewal at end of 12 months from the date of availing this facility
No Commitment charges

Business Vintage	Minimum of 3 years
Turnover	Minimum 30 lakhs to Maximum of 15 crs
Age	Minimum 21 years at the time of loan application Maximum 70 years at the end of loan tenure
Residence/Office Stability	Either office or residential property should be owned In case of rented accommodation, residence stability should be of at least 12 months, not applicable if shifted to owned house Office stability should be of at least 24 months
Minimum Income	In case of individuals, minimum income to be of 2.5 lakhs as per ITR for last 2 years In case of non-individuals, minimum cash profit should be Rs 3 lakhs for last 2 years

KYC Documents
Duly filled in application form signed by the customer
Relevant financial documents
Bank account statement of last 6 months
PAN card/Form 60
Business Proof

Loan processing charges	Up to 1.25% + Applicable taxes
Pre-payment charges	Nil
Foreclosure charges	2.00% of sanction limit
Penal interest	2.00% p.a. additional on existing rate of interest
Cheque bounce charges	Rs. 500/- per instance + Applicable taxes