Services we provide
OverDraft:
Overdraft (OD): is like a safety net for your bank account. It
allows you to spend more money than you currently have in your
account, up to a certain limit set by your bank. Think of it as a
short-term loan that kicks in automatically when your account
balance drops below zero.
Cash Credit
Cash credit (CC): is a short-term financing facility provided by
banks to businesses, allowing them to withdraw funds up to a
sanctioned limit, even if their account balance is zero. It's akin
to having a financial cushion that ensures smooth day-to-day
operations without disruptions.
Dropline Overdraft
Dropline Overdraft (DLOD): is an overdraft facility provided by
the bank to the customer whereby companies can overdraft their
current account by an amount determined by the banker. This
facility is typically linked to the company's cash flow and is
reviewed periodically.
Lease Rental Discounting
Lease Rental Discounting (LRD): is a financing option where future
lease rentals are used as collateral to secure a loan. This is
particularly useful for businesses that have substantial rental
income but may need immediate funds for other operational needs.
Letter of Credit
Letter of Credit (LC): is a commitment from a bank ensuring that a
seller will receive payment from a buyer, provided certain
conditions are met. It's a common tool in international trade,
offering security to both parties involved.
Bank Guarantee
Bank Guarantee: is a promise from a bank that it will cover a loss
if a borrower defaults on a loan. This provides assurance to the
lender and can help businesses secure financing more easily.
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