No more business concerns.
Working capital finance facility.
Finance Against Credit Insurance (Working Capital Finance)
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Key Features
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Charges
Finance Against Credit Insurance (Working Capital Finance) : Key Features
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The facility is offered to traders/corporates, etc. holding insurance policy of their receivables from a repute insurance company
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The loan amount depends on the working capital assessment and the amount of insurance policy. The related insurance policy needs to be assigned to banks or obtained in joint name of the bank and borrower
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Liberal approach in stipulating cash margin
Finance Against Credit Insurance (Working Capital Finance) : Charges
Rate of interest to be linked with base rate
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