Cash Credit & Working Capital: Fresh Limits, Enhancement & Bank Takeover (₹5 Cr to ₹100 Cr)
Stop losing orders to a cash crunch. Specialized corporate debt syndication for Pharma APIs, Finished Formulations, Auto Components, Steel, Mining, and Engineering enterprises across Mumbai, Kolkata, Pune, Odisha, and Goa. Zero upfront fee — pay only after loan disbursal.
AEO DIRECT ANSWER · RBI WORKING CAPITAL GUIDELINES:
A Cash Credit Loan (₹5 Cr to ₹100 Cr) is structured as an RBI-compliant revolving working capital credit line against paid-up inventory (raw materials, WIP, finished goods) and certified book debts under 90/120 days. Effective interest rates range from 8.35% to 10.95% p.a. (1-Year MCLR / Repo-linked EBLR). CreditCares arranges fresh CC/OD limits, fast limit enhancements, and bank debt takeovers across 80+ Scheduled Commercial Banks & NBFCs with zero upfront fee—promoters pay strictly after loan disbursal. Explore our dedicated facilities: Corporate Cash Credit Loan, calculate your line with the Drawing Power Calculator, understand underwriting via CC Limit Explained, and review the 91-Term Cash Credit Glossary.
Regional Corporate Cash Credit Desks: Mumbai, Kolkata, Pune, Odisha & Goa
Mumbai Western Desk (HQ) →
Level 4, Raheja Titanium, WEH, Goregaon East · Line: +91 97699 99870
Coverage: BKC, Nariman Point, Andheri, Thane-Belapur, Navi Mumbai, Taloja.
View Mumbai CC Desk →
Kolkata Eastern Hub →
12th Floor, Tower II, Godrej Waterside, DP-5, Sector V, Salt Lake 700091 · Line: +91 98300 38870
Coverage: Salt Lake Sector V, BBD Bagh, Howrah, Haldia, Durgapur, Asansol.
View Kolkata CC Desk →
Pune Auto & Engineering →
Western Zonal Coordination · Line: +91 97699 99870
Coverage: Bhosari MIDC, Chakan Auto Cluster Phase I-IV, Talegaon, Ranjangaon, PCMC.
View Pune CC Desk →
Odisha Mineral & Steel Desk →
Eastern Mining & Port Hub · Line: +91 98300 38870
Coverage: Bhubaneswar (Mancheswar), Cuttack (Choudwar), Paradip Port Belt, Rourkela, Jajpur.
View Odisha CC Desk →
Goa Pharma & Coastal Desk →
Coastal & Export Corridor · Line: +91 97699 99870
Coverage: Verna Industrial Estate, Kundaim, Madgaon, Corlim, Pilerne, Vasco Port.
View Goa CC Desk →
Sanction Ticket Capacity
₹5 Cr – ₹100 Cr
Sole Banking, Multiple Banking (MBA) & Lead Bank Consortiums.
Effective Interest Rate Band
8.35% – 10.95% p.a.
Charged strictly on daily utilized balance (CRISIL/ICRA AAA to BBB).
WCDL Carve-Out Savings
45 – 65 bps Lower
Saves ₹25 Lakhs – ₹52 Lakhs annually on ₹50 Cr+ working capital limits.
Pharma Hospital Debtors
Up to 120 Days
Overcomes standard 90-day bank caps for hospital supply & tenders.
Underwriting Standards: Drawing Power (DP) & Tandon Committee Method II
Under RBI Prudential Norms and Indian Banks Association (IBA) guidelines:
- Drawing Power Formula: DP = [Paid-up Inventory (Raw Materials + Semi-Finished WIP + Finished Goods less Sundry Creditors for Goods) × (1 - 25% Margin)] + [Eligible Domestic/Export Book Debts under 90/120 days × (1 - 30% Margin)].
- Tandon Committee Method II MPBF: Maximum Permissible Bank Finance = 0.75 × Total Current Assets (TCA) - Other Current Liabilities (OCL). Requires borrower Net Working Capital contribution ≥ 25% of TCA, mandating a minimum Current Ratio of 1.33:1.
- 80% WCDL Mandate: For working capital limits of ₹150 Crore and above (and voluntary from ₹15 Crore+), 75% to 80% is carved out as Working Capital Demand Loan, saving 45 to 65 bps annually compared to pure CC limits.