Let your work run without any interruption with Contract Cash Credit! The Meenachil Cooperative Bank provides a sum from which you can borrow the required amount within the limits. This amount remains in your account as you can either withdraw or deposit into it. The interest charged is entirely dependent on the outstanding balance on a particular day. The limit is dependent on the business and the volume required.
|Upto and inclusive of Rs. 50,000/-||13 %|
|Rs. 50,001/- to Rs. 5,00,000/-||13.5 %|
|Rs. 5,00,001/- to Rs.20,00,000/-||14 %|
|Rs. 20,00,001/- and above||15%|