About This Service
These certificates are specialized documents required by banks during the Loan Sanction or Disbursement process. Common types include “End-Use Certificates” (proving the loan was spent on the intended purpose), “No-Dues Certificates,” or “Drawing Power Certificates” (for Overdraft/CC limits). They act as a bridge of trust between the borrower and the lender, ensuring that the bank’s funds are safe and being used for business expansion.
Eligibility & Criteria
- Limits: Applicable to any business with an active Credit Line, CC Limit, or Term Loan.
- Our Value-Added Service: CMA Data Preparation. We don’t just certify; we prepare the Credit Monitoring Arrangement (CMA) data and Project Reports that help the client secure higher loan limits and lower interest rates.
- Penalty: Misutilization of funds (using a business loan for personal use) can lead to the account being classified as SMA (Special Mention Account) or NPA.
