Trade Finance

  • Key Features
  • Charges
  • Apply Online

Key Features

Trade Finance (Working Capital Finance)

Overdraft:

  • This facility is offered in the form of fully secured / partially secured / on clean basis for to business concerns for their working capital requirement
  • Revolving facility available
  • Operations similar to Current Account
  • Interest application on daily product basis
     

Rate of Interest*:

  • For advances against deposit-1% over TDR rate (Refer Advances against banks own deposits under Retails lending)
  • For others-Linked with Base Rate.
     

Trust Receipt:

  • Loans offered to any medium traders, corporate for financing procurement of goods/material etc
  • Facility is allowed generally against bills drawn under Sight Letter of Credit Bills
  • Maximum Tenor is generally up to 90 days
  • Facility given in AED
  • Loan amount depending on Sanction Limit / Individual Transaction
  • Floating Rate of Interest linked to Base Rate
     

Bill Finance:

  • Purchase of bills drawn under LC / outside LC
  • Discounting of Usance Bills
  • Purchase / Discounting of Local Cheques
  • Rate of Interest : Fixed as well as Floating Rate of interest
     

Demand Loan:

  • For any other general corporate purpose of short term nature and other working capital requirement of a business concern
  • No minimum tenor, but maximum tenor is 36 months
  • Rate of Interest : Depends on the security offered linked to Base Rate.
     

*Terms: Rates and charges are subject to change from time to time

Charges

  • Rate of Interest*: For advances against deposit-1% over TDR rate (Refer Advances against banks own deposits under Retails lending). For others-Linked with Base Rate.

*Terms: Rates and charges are subject to change from time to time

Apply Online

Occupation Details

Bank Account Details

References

 
 

Application Form