Cash credit is a financial product in which the borrower has the option to withdraw the funds as and when required and to the extent of his needs. Under this arrangement the banker specifies a limit of loan, up to which the customer is allowed to draw (also called Cash Credit or CC Limit). Cash Credit is widely used by business houses. This kind of loan is issued against a mortgage of tangible asset(s).

The financial institutions review cash credit facility needs every year. It needs to be renewed every year. The CC can be obtained against the following kind of properties:

• Immovable Property
• Stock in Hand
• Raw materials
• Debtors of Company
• Sales Turnover

The Cash Credit facility is used for getting liquidity or as a working capital as per the needs of the business house.

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