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Fulfill your capital requirement.

  • Key Features
  • Charges
Overdraft:
  • This facility is offered in the form of fully secured/partially secured/on clean basis for 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 to advances against bank’s 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 against bills drawn under sight Letter of Credit bills

  • Maximum tenor is 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

  • Rate of interest*: For advances against deposit - 1% over TDR rate (Refer to 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

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