what are the merits and demerits of credit facilities
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Firstly I want to correct you that it is cash credit facility.
The advantage of the cash credit facility are as follows.
The arrangement can be done easily.
It is very flexible.The disadvantages of the cash credit facility are as follows.
The rate of interest is quite high and may not be affordable by others.Tax is also deductible.
Thank you hope you found this answer useful.
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