Clean Cash Credit Loan

Metro Samrudhi Nidhi Ltd is registered as a “Nidhi company” (which means a kind of non‐banking financial firm regulated under the Nidhi Rules)

On a listing site (Justdial) the business “Metro Samrudhi Nidhi Sub-Banking” is shown with location: Near Union Bank, Pratap Vihar, Ghaziabad.

The company shows an “active” status in company registries.

Being a “Nidhi company” does not automatically mean it is authorised to operate as a full bank or offer all types of credit facilities. Nidhi companies in India are primarily for accepting deposits from and lending to their members under certain restrictions and regulated under the Nidhi Rules (2014).

The term “clean cash credit loan” is somewhat ambiguous: In banking parlance “cash credit” usually refers to an overdraft facility against stock/supplies/inventory etc. You’ll need to clarify exactly what is being offered: amount, interest rate, collateral , repayment terms, fees.

Ensure the loan offer is legitimate: check if Metro Samrudhi is duly authorised to give the specific loan product you are being offered, check the fine print, and ensure you’re not being asked for excessive upfront fees or processing fees that look suspicious.

Nidhi companies cannot generally accept deposits from the public at large; they accept deposits only from members. Similarly, their lending operations have restrictions. Verify the membership requirement, terms & conditions, etc.

Since the company is relatively newly incorporated (2021) and with modest capital (authorised capital ₹10 lakh, paid‐up ₹5 lakh as per records) – – you should assess their track record, market reputation, and risk.

Here are the things you should ask and check:

1. Ask for the loan agreement in writing: interest rate, tenure, what “clean cash credit” means, any collateral/security, any upfront fees, penalty for default.

2. Verify the company’s licence/authorisation: Are they legally permitted to offer that kind of loan to you? Are you required to become a “member” of the Nidhi company? What are the membership terms?

3. Ask about deposit/withdrawal rules (even if you’re borrowing) to ensure you understand the financial product.

4. Check the repayment schedule and whether it is realistic for your cash‐flow. “Cash credit” means you may have variable usage – clarify how interest will be calculated (daily/ monthly) and how you will be billed.

5. Ensure you’re comfortable with their customer service, transparency, and reviews. On Justdial, they have rating 4.3 (17 ratings) for the branch listing in Pratap Vihar.

6. Confirm there are no hidden charges or ambiguous clauses requirement to take insurance, or surrender some rights).

7. Consider comparing with other institutions (banks, NBFCs) to see interest rate and terms for similar credit facilities .