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Is your business needs getting blocked due to delayed or low funds? Smoothen your business flow with credits allowed from MEUCB.
Being a businessman requires the need to face the need for capital and transaction of huge amounts to run different projects involved in the limit of the business. Moreover, it is difficult to determine the amount needed to run on that particular project.
This is why we bring you Business Cash Credit Scheme
Here you can borrow a sum of money and you only need to pay interest on the money you use from the borrowed money. This also allows you to deposit money anytime so as to reduce your outstanding balance. Similarly, you can also withdraw money anytime depending on your need within the limit.
Business Cash Credit offers flexibility to your business as your interest charged depends only on the outstanding balance.
| Slab | Interest Rate |
|---|---|
| Upto and inclusive of Rs. 5,00,000/- | 11 % |
| Rs. 5,00,001/- to Rs.20,00,000/- | 12 % |
| Rs. 20,00,001/- to Rs.50,00,000/- | 12.5 % |
| Rs.50,00,001/- and above | 13 % |
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