What is difference between CC Limit and Term Loan
This query is : Resolved
17 April 2022
what is difference between CC limit and Term Loan , if bank loan obtained from bank by a company.
CA R SEETHARAMAN
(Expert)
17 April 2022
CC limit, is cash credit limit within the limits any time amount will be withdrawn and paid back. This is working capital finance.
Term loan is loan drawn for a fixed period repayable in monthly or quarterly instalments along with interest. This is project finance.
Term loan is loan drawn for a fixed period repayable in monthly or quarterly instalments along with interest. This is project finance.
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