What is the requirement to obtain CC Limit Rs.5 Lakh ?

Mr.Vijay Kr. Mishra

The working capital gap without considering  the bank finance should  be Rs.5/- lacs.

Best Wishes

Sathikonda

Nowadays, some banks are offering CC limit without even considering considering the gap or shortfall of Working Capital in the Balance Sheet. U just have to show Debtors balances and / or Stock balance and have to prepare CMA data as required by the bank. All the Best.

 benchmarks for banks dscr=1.5 current ratio = 1.333 

 Client should have the following to obtain cc limit of Rs 5 lacs

1-  asset to mortgage min 670000.00 (25% margin)

2-  projected Turn over should be more than 25 lacs  (5 times) 

some banks can also required that  (it is generally required for term loan)

3-  Average( 3 years) income from business should be more than 125000.00    (i.e. 1/4 )