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Bank loans Question
what is the difference between working capital loan/cc/od loan.
Replies (1)
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Use Cash Credit if you are a business owner requiring a steady, structured line of credit to manage ongoing operational costs like inventory and payroll.
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Use an Overdraft if you need flexible, quick access to funds for emergency situations or temporary gaps in your cash flow.
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Both options are cost-efficient compared to term loans because you only pay interest on the amount actually utilized, not on the entire sanctioned limit.
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