If you are a retailer or a merchant establishment,
We can help you to get offers you loans based on credit card swipes at your counters.
If you are a retailer or a merchant establishment,
We can help you to get offers you loans based on credit card swipes at your counters.
Business organizations need funds in order to meet their monetary requirement. Funding provided by banks for this purpose can either be long term or short term. Nowadays individuals/entities choose short term loan facility, in the form of cash credit(CC) and overdraft. Cash Credit is a type of facility provided by the bank or financial institution in which, a company can withdraw an amount more than what he holds to his credit against the security of stock.
On the contrary, Bank Overdraft(OD) is another facility, in which the bank permits the customer to debit his current account below zero but only up to a specified limit. So, there is always a question, which of the two facilities should be chosen over the other. And for this, one must know the difference between cash credit and overdraft, so take a look at the article and understand the term clearly.
For individuals:
A minimum monthly salary set by the bank, to apply for OD. For example, HDFC Bank sets a minimum salary of Rs 15000 for their OD facility.
For businessmen:
Thebusiness should be running since minimum 3 years
The financial statements of last 3 years are assessed to determine eligibility.
The business should be running since minimum 3 years
Drawing power is calculated to determine the maximum loan limit.
KYC (Know Your Customer) documents:
Pan Card (mandatory) as ID proof
Aadhar Card/ Electricity Bill as Address Proof
ITR (Income Tax Return) of last 2-3 years.
Bank Statement of last 6 months.
Collateral asset proof.
Reach us through any of channel (call/email or sms),
brief us your requirements and ask for Zankar Capital questionnaire.
Our application is a single page.
The approval process happens within 24 hours max. All you need to do is tell gather required documents and float it to Zankar capital’s strong analytical skill desk.
Once we analyze your documents we apply our expert forecast mechanism over. It will lead your business for the best potential growth considering your future needs.
“Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type.”
“Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type.”
“Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type.”
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
Debt consolidation is an attractive way to manage and get out of debt for individuals who owe a lot of debt to multiple different creditors. That’s because, in general, it makes that debt much easier to manage. Instead of making multiple different payments with different interest rates and minimums to a bunch of different creditors, you just have to keep track of a single payment. That makes it easier to keep track of your debt and makes you much less likely to miss a payment and fall behind.
Bank will open a separate account for you. Then, bank will freeze certain amount for you (based on your eligibility). And bank will deduct your installment monthly from the account. Here, the main advantage is, you get benefit of interest based on your usage.
There is no lock in period for overdraft account, customer can close the account anytime.
No, the OD limit will remain the same until closure of the home loan account, irrespective of the part-payments made into the home loan account.
Now apply for a Car Loan online, All you need to do is provide your details below application form.
