Cash Credit (CC LIMIT)
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CASH CREDIT (CC LIMIT)
A Cash Credit (CC) is a short-term source of financing for a company. In other words, a cash credit is a short-term loan extended to a company by a bank. It enables a company to withdraw money from a bank account without keeping a credit balance. The account is limited to only borrowing up to the borrowing limit
Advantage of Cash Credit
- Easy Arrangement
- Flexibility
- Tax-deductible
- Source of working capital financing
Important Features
- Borrowing limit
- Interest on running balance
- Minimum commitment charge
- Collateral security
Required Documents
Check your Eligibility
Testimonials
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