Choosing a trusted financial partner like Skyline Financial Tax empowers you to make confident decisions, optimize your tax situation, secure your financial future, and achieve peace of mind. They are the compass that helps you navigate the financial landscape with clarity and confidence.
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What is an Overdraft & Cash Credit Facility?
Overdraft Facility (OD): A credit line linked to your current account, allowing you to withdraw more than your account balance up to a sanctioned limit.
Cash Credit Limit (CC): A loan provided against stock/inventory or receivables to meet recurring working capital needs.
- Credit limits from ₹1 lakh to ₹5 crores+ based on your business profile
- Only pay interest on the utilized amount, not the entire limit
- Flexible repayment options based on cash flow
- Facility renewal annually with performance-based enhancements
- Collateral-based & collateral-free options available
This facility allows you to withdraw funds over your current account balance, repay as per cash flow, and only pay interest on the amount utilized. It’s a smart way to keep your business running smoothly.
Benefits of OD/CC with Skyline
- Quick access to working capital without fresh loan processing
- Improves liquidity for everyday operations
- Helps manage seasonal or cyclical business demands
- Enhances creditworthiness and builds banking relationship
- Professional guidance for eligibility, documentation & renewals
Who Can Apply?
- Sole proprietors, partnership firms, private limited companies
- Traders, retailers, manufacturers, service providers
- Businesses with regular banking transactions and stable cash flow