Loan Scheme for Corporates

The Bank finances the corporate sector for its business activity and for setting up units, modernisation, diversification and upgradation.

Such finance is extended in the form of

Funded facilities

Non Funded facilities

Funded facilities

  1. Term Loans :
    Repayment in instalments over a fixed time.

    Purpose : For acquisition of fixed assets / machinery or for financing projects.

    Amount of Loan : Generally 75% of the cost of maintaining a margin of 25%.

    Rate of Interest : Click here to view the Interest Rate

    Security : Charge on assets.

  2. Cash Credit :
    Running account facility.

    Purpose :To meet working capital requirements.

    Amount of facility : Based upon the Bank's assessment of the working capital requirement.

    Rate of Interest : Click here to view the Interest Rate

    Security : Charge on current assets, collaterals if required.

  3. Bill Discounting :
    In the nature of post sales limit.

    Amount of facility : Generally upto a specified percentage of the value of the bill.

    Discounting under : L/C or firm order.

    Rate of Interest : Click here to view the Interest Rate

    Security : Charge on the Bill, Collateral if required.

Non Funded facilities

  • Letter of Credit facility to facilitate purchase of material / goods.
  • Letter of Guarantor facility for the issuance of Guarantee in the nature of bid bonds, performance bonds, etc.
For finance of International trade, the Bank provides Working Capital facility to



For Exporters

Working Capital finance can be availed at

  • Pre-shipment stage
  • Post shipment stage
  • At the pre-shipment stage finance is provided in the form of Packing Credit Purpose :
    For procuring / manufacturing of goods meant for export.

    Amount of Packing Credit : Upto 90% of FOB value of goods.

    Rate of Interest : Click here to view the Interest Rate

    Security : Charge on assets created out of finance.

    Repayment: From Export proceeds, Proceeds of negotiation / Discounting of Export Bills.

  • At the post shipment stage export finance is provided by way of
    • Negotiation / Discounting of Export Bills,
    • Rupee advances against collection bills,
    • Advance against Export incentive.

The advances are repayable from Export proceeds or receivable and carry interest rate in conformity with RBI guidelines.

Export finance is also provided in foreign currency at internationally competitive interest rates. Interest Rates is linked to LIBOR and is subject to maximum LIBOR + 1.5% . Finance in foreign currency is extended by way of Pre shipment Credit in foreign currency at the preshipment stage and Discounting of Export Bill in foreign currency at the post shipment stage.

For Importers

For Importers Funded Working Capital finance by way of cash credit facility and non funded Working Capital finance by way of Import Letter of Credit facility is provided to corporates who are importers.

Foreign Currency Lending
The Bank also extends short term foreign currency loans to importers / Resident Constituents. This enables accessing of finance at internationally competitive interest rate linked to LIBOR.

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