OTHER LOAN

Foreign Currency Term Loan(FCTL)

Foreign Currency Term Loan(FCTL) and Foreign Currency Demand Loan(FCDL) are provided to Mid / Large corporates having turnover of Rs. 500 Crores and above for extending long term credit facilities.

BUYERS CREDIT

Buyer's credit is the credit availed by an Importer (Buyer) from overseas Lenders i.e. Banks and Financial Institutions for payment of his Imports on due date. The overseas Banks usually lend the Importer (Buyer) based on the letter of Comfort (a Bank Guarantee) issued by the Importers (Buyer's) Bank. Buyers Credit for goods purchases can be for a period upto 6 months.

LC/ PRE SHIPMENT/ POST SHIPMENT 

Packing credit limit is a facility sanctioned to an exporter in both Pre-Shipment and Post-shipment stage. If an enterprise has export orders, we canarrange Pre shipment and Post shipment credit up to 100% of the order value. This facilitates the exporter to purchase raw materials and manufacture orproduce goods according to the requirement of the buyer and get it packed for onward export.

AGRICULTURAL LOAN (DIRECT INDIRECT AGRICULTURE LOAN )

The OD limit is ascertained based on the income from agricultural land. The security to be given can be any other property other than agricultural land. The primary Security herein is the property and Stock and Debtors are considered as collateral security. Further, there is no required of submission of monthly Stock Statement and calculation of monthly Drawing Power.