Preclosure Charges on Working Capital/Cash Credit Facility ?

POSTED BY rajeshsarda ON October 9, 2013 1:43 pm ONE COMMENT

Dear Sir ,

I would like to know if a bank can levy preclosure charges on Cash Credit facility for the purpose of working capital .

thanks

One reply on this article “Preclosure Charges on Working Capital/Cash Credit Facility ?”

  1. ashalanshu says:

    Dear Rajesh, Yes, bank may charge preclosure penalties.

    Thanks

    Ashal

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