Loan limit,drawing power,outstanding amount

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  1. Dear Sir,
    In bank loan what is limit ,drawing power and outstanding amount ,will loan amount be drawing power & not the limit.
    Regards
     
  2. Sumit Agarwal

    Sumit Agarwal Active Member

    Drawing Power means the maximum amount which you can use or draw from that account.
    Outstanding amount means the balance in the account it can also be in excess or less of Drawing power. It can be Dr or Cr. balance
    But please also see the norms of NPA before coming to conclusion with respect to outstanding amount.
     
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