Cash Credit

Cash Credit

Any Cash Credit is subject to the following:

  1. Healthy Financials
  2. Company Credit Report
  3. Good Credit Rating
  4. Director’s personal CIBIL Report.

Cash credit is a short-term source of finance. Under cash credit, the bank offers its customer to take a loan up to a certain limit. Cash credit is also known as bank overdraft. This loan is given to meet the working capital requirements against a collateral security. This is very convenient and easy to raise and CC limits if utilized for business properly, it will help the business grow manifolds.

Sl Feature Advantages Disadvantages
1 Secured Loan WC Made easy Obligation to perform better
2 No Maturity Easy to raise Risk
3 Restrictive Covenants Interest on utilized limits Higher Rate of Interest

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