Samata Bank provides cash credit accounts to small business entrepreneurs, SMEs. Samata Bank pioneered in sanctioning project loan(Working Capital) for execution of Govt. Projects. Such cash credit a/c need to be backed by co-lateral security and conditions apply for sanction of such cash credit facilities.

  •  Type of Loan :  Cash Credit
  •  Purpose :  Working Capital
  •  Maximum Loan Limit :  2 Crore
  •  Repayment :  On demand (renewable every year)
  •  Margin :  As per Banks policy from time to time.
  •  Rate of Interest :  As per Bank B.O.D.

  •  Who can borrow :  Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies
  •  Loan Amount :  Need based – within the bank’s exposure limit
  •  Security :  Pledging of FDs/LIPs and mortgage of immovable property.

  • Duly filled in application form signed by the customer
  • KYC Documents - Business Proof
  • KYC Documents - (Applicant & Guarantor)
  • Relevant financial documents - ITR/P&L /Balance Sheet ( Applicant & Guarantor)
  • Stock Statement / Work Order List 
  • Bank account statement of last 6 months
  • Photograph
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