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Agreement and MSME


Ku Ma   07 December 2019

I am MSME Unit. I has taken Cash Credit facility from bank @ 13%. Now I got offer from other bank for @ 9.85%. So I am transfering my credit facility to this bank.
Now my existing bank is asking for Cash Credit takeover charges @ 3%. There is nothing is mentioned of such charges in my sanction letter. Are there any benefits available to MSME Business from this?




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