Bank Guarantee and Letter of Credit
We arrange l/c & bg facilities from various banks and with the minimum securities and cash margins at the lowest possible rates. Standby Letter of Credit (SBLC) works as non-fund based financial assistance that is provided to customers through leverage of credit line from bankers using Letter of Credit (LC) facility. LC is extended to customers with appropriate cash margin.
Some of the standard features of LC and BG include :
Providing BG facilities to sums as desired by customers
Rates of interest determined as per bank rates of interest
No prepayment penalty charges on for closure