extends both Fixed Term Loan and Working Capital Loan. Loans are provided for
the establishment, capacity addition, up-gradation of existing facilitates as
well as acquisition of existing facilities. The loan is extended to
manufacturing as well as service sector.
And if the project is big, Himalayan Bank helps financing needs of the project through consortium lending as the lead Bank and/or Co-lead Bank.
Bank extends Non Revolving Cash Credit to finance import of capital items being imported as supplementary equipment of the existing plant and machinery.
The bank extends Working Capital Loans under various headings to finance the working capital requirements.
Overdraft Facility, a recurring (revolving) credit facility, is offered to customers for meeting fluctuating working capital needs for funding current assets, overheads and administrative expenses.
Revolving Cash Credit is extended to finance working capital requirements particularly to finance import of raw materials (including custom duties) from India. Similarly the Bank extends Revolving Cash Credit to finance purchase of agriculture produce from local market as well as India.
extends Import Credit to finance import of goods from third countries
The Bank extends Trust Receipt Loans for financing raw materials and trading merchandise while retiring documents of the Import Letters of Credit.
The Bank extends Export Credit Facilities against export letters of Credit. Pre Export Loan, Post Shipment Loan and Back to Back L/C are some of the facilities that can be extended.