Revolving Loan

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Anil

Anil (Querist)
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08 August 2008 Please let me know the meaning of "revolving loan".

Thanks.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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08 August 2008 A cash credit is a revolving loan you can go on drawing money from it as to make it upto the sanctioned limit, not withstanding moneys deposited reduce the amount availed.

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Revolving Loan

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