Tools/Cash Credit (CC) Interest Calculator
Cash Credit Interest Calculator
See exactly what your CC utilisation costs - interest is charged daily on the drawn amount only.
Utilisation Details
Total interest for 90 days
₹1,47,945
Effective monthly cost
₹49,315
Calculated at 12% p.a. on ₹50 Lakh
125+ lenders. Termsheet in 48h. Zero equity dilution.
How cash credit interest works
Cash credit is a working capital facility secured against inventory and receivables. Interest is calculated daily on the utilised amount - Interest = Utilisation × Rate × Days ÷ 365 - and debited monthly.
Banks review CC limits annually against your stock statements and drawing power. If your limit feels tight or the renewals painful, Recur Club's working capital products offer faster, data-driven alternatives from 125+ lenders.
Explore Working Capital LoansWhat is a cash credit interest calculator?
A cash credit interest calculator shows the real cost of using your CC limit. Interest on cash credit is computed daily on the drawn balance and debited monthly - so your cost depends entirely on how much you draw and for how long. This tool does that daily-interest math instantly.
How to use this CC interest calculator
- 1
Enter your sanctioned CC limit.
- 2
Set your average utilisation - the amount typically drawn against the limit.
- 3
Enter your interest rate. Bank CC facilities usually run 9-16% p.a.
- 4
Set the number of days for the period you want to cost.
- 5
Read the interest payable - and compare it against alternatives like working capital loans or dropline ODs.
Factors that affect cash credit pricing and limits
Drawing power
Your usable limit is set monthly from stock and receivables statements after margin haircuts - it can sit below the sanctioned limit.
Collateral cover
CC is secured against inventory and receivables, often with additional property collateral for larger limits.
Renewal discipline
Annual renewals demand audited financials and stock audits - delays can freeze the limit at the worst moment.
Account conduct
Frequent over-limit requests or cheque returns push rates up at renewal; clean conduct pulls them down.