Personal Bullet Repayment Cash Credit

Mandal Nagrik Sahkari Bank Ltd offers the Personal Bullet Repayment Cash Credit facility to provide short-term working capital support to individuals or businesses with flexible repayment options. This scheme is designed to meet personal or business financial needs efficiently while ensuring ease of repayment.

Key Features:

♦ Flexible Credit Limit: Borrow according to your financial requirement and repayment capacity.

♦ Bullet Repayment Option: Principal repayment is made in a single installment at the end of the tenure, while interest can be serviced periodically.

♦ Quick Sanctioning: Minimal documentation and faster processing for eligible applicants.

♦  Competitive Interest Rates: Attractive rates tailored to your financial profile.

♦ Purpose of Use: Suitable for personal requirements, business contingencies, or short-term financial obligations.

Eligibility Criteria:

♦  Resident individuals or proprietors/partners of small businesses.

♦  Stable source of income or revenue for repayment capacity assessment.

♦  Must meet the bank’s standard KYC and credit assessment requirements.

Application Process:

♦  Submit a duly filled application form with supporting documents.

♦  Bank evaluates eligibility and sanctions the credit limit.

♦  Funds are disbursed, and repayment terms are agreed upon.

Repayment Terms:

♦  Principal is repaid at the end of the loan period (bullet repayment).

♦  Interest is payable monthly/quarterly as per the agreed schedule.

Advantages:

♦  Provides liquidity without immediate principal repayment pressure.

♦  Helps manage short-term financial requirements effectively.

♦  Flexible and tailored to individual or business needs.

For more details, visit the nearest Mandal Nagrik Sahkari Bank Ltd branch or contact our customer service.