Cashline Facility-i provides standby credit facility more often than not used for working capital needs to meet short term cash flow requirements. This credit facility offers flexibility with utilization allowed up to the maximum facility limit approved via the customer’s Current Account maintained with the Bank.
Favourable features of the facility:-
1. Revolving nature with flexibility of utilization operated through the customer’s Current Account-i.
2. Profit payable based on actual utilized amount only.
3. No Commitment Fee on unutilized limit.
4. Tenure of up to ten (10) years, subject to periodic reviews.
5. Shariah Compliant.
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