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FAQs
1. Why will a business require cash credit?
2. What is the repayment schedule of a cash credit?
3. Is it very difficult to open a cash credit account?
4. Why will an entity or person go for the cash credit facility and not a loan?
5. Will the same documents need to be submitted every year?
6. There are various investments held by a person. Are they useful to get a loan?
7. I have an existing account with a bank, can this be used for overdraft facility?
8. Will the interest be charged on the limit given?
9. Is there a restriction on the repayment of the overdraft amount?
10. Will all banks accept the same security for the overdraft facility?
11. Can the interest rate be lower than the prime lending rate of the bank?
12. What is the main difference between a term loan and an overdraft?
13. If a business is not able to generate a monthly cash flow, will it be denied a term loan?
 
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