Bank 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.

The bank extends Working Capital Loans under various headings to finance the working capital requirements. Interest in saving accounts calculated on daily balance basis capitalized on quarterly basis

What You Get In Clean Bills Purchased And Discounted

• The Bank extends these facilities against the Bills/Drafts/Cheque (Negotiable Instruments).
• The Bank purchases cheques issued by individuals, financial institutions and credit the customer’s account immediately.

This form of recurring working capital loan is extended to finance continuous working capital requirement of companies.This is another form of working capital loan extended to finance seasonal and occasional working capital requirement of companies.

What You Get In Documentary Bills Purchased And Discounted

• The bank extends loan facilities against the Documentary Bills on recourse basis

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. Interest in saving accounts calculated on daily balance basis capitalized on quarterly basis.

Bank extends Import Credit to finance import of goods from third countries other than India where payment is made through Telex Transfer or Demand Draft. Interest in saving accounts calculated on daily balance basis capitalized on quarterly basis.

Bank extends Non Revolving Cash Credit to finance import of capital items being imported as supplementary equipment of the existing plant and machinery.Interest in saving accounts calculated on daily balance basis capitalized on quarterly basis.

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. Interest in saving accounts calculated on daily balance basis capitalized on quarterly basis

What You Get In Pledge Loan

• Against security of movable non-perishable stock merchandise
• The bank grants Demand Loan / Cash Credit.

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.

The Bank extends Trust Receipt Loans for financing raw materials and trading merchandise while retiring documents of the Import Letters of Credit. Interest in saving accounts calculated on daily balance basis capitalized on quarterly basis.