Calculation of drawing power
This query is : Resolved
Kollipara Sundaraiah
(Querist)
03 May 2020
How to calculate bank DP for cc limit.
Difference for bank loans cc and OD.
Difference for bank loans cc and OD.
09 May 2020
Limits are based on various business capacity, collateral and other factors. Do approach the bank for this.
Cash Credit (CC) is a short-term loan offered to businesses to meet their working capital requirements, whereas Overdraft facility is funding offered by banks to individuals or companies to withdraw money from the banks even if their account balance is low, zero or below.
Cash Credit (CC) is a short-term loan offered to businesses to meet their working capital requirements, whereas Overdraft facility is funding offered by banks to individuals or companies to withdraw money from the banks even if their account balance is low, zero or below.
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