CC Limit or Cash Credit Limit is a type of short-term working capital loan that is given by Banks and Financial Institutions. It allows borrowers to use funds to a predetermined limit without credit balances in an account according to prior agreements. It helps small and medium enterprises (SMEs) to meet their working capital requirements. […]
Category: OD / CC Limit
OD / CC Limit
OD Limit or Overdraft Limit is an Instrument or Financial Facility that enables you to withdraw money from your bank account (savings or current), even if you do not have any account balance. Like any other credit facility, the bank levies an interest rate when you avail the overdraft facility. You typically have to pay […]