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(Querist)
01 December 2015 one of my client is dealing in second hand purchase and sale of cars and also rent them . now he is requring funds from bank.
which type of loan should we go for cash credit or term loan
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Amol S Joglekar

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Amol S Joglekar (Expert)
01 December 2015 depending upon the needs of the business, he should opt for the loan.

For working capital, cash credit is better.
For fixed asset, term loan is better.

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