Trade Finance Facilities (Pre-Shipment & Post Shipment)
Facilities are granted to meet the working capital requirement such as
- Letters of credit facility
- Bills Acceptance facility
- Hypothecation Loan facility
- Series of loans for retirement of import bills
Long Term Facilities
It's a handy financial option available for corporate clients to cater for their multi faceted long term financial needs.
- Financing fixed costs of the projects (new, expansion or modification) as well as working capital could be accommodated through tailor made packages coupled with conducive terms and conditions for repayment. The fixed cost may include financing of lands, buildings, machinery, equipment, vehicles etc.
- Competitive rates of interests, flexible monthly, quarterly or bi-annual installments, fixed balloon or bullet type repayment terms, and additional structured credit packages are on the offer.
- Recovery of interest either under reducing balance or on equated installment basis to suit cash flow of the business is another added variation to the repayment arrangement.
Bridging Finance Loans are granted as a temporary measure until such time the proper security documentation is completed.These facilities are normally considered pending execution of mortgages of moveable and immovable assets.
Large projects are being financed by a Consortium of Banks. That means several Banks contribute to fund a single project. Normally Syndicate loans are considered when a single bank cannot accommodate the total loan requirement.