Working capital Loans
What is Working Capital ?
Working Capital Includes Many many types of loan like Overdraft Limit , Cash credit limit, Bank Guaranty, Letter of Credit, Term loan and PCFC Limit. It is for managing cash crunch of company or raising funds from lenders in above mentioned format so they can grow or run their business smoothly.
Rate of Interest
It has different rate of interest as it is mixture of multiple types of loan
OD/CC limit- 8.80% p.a.
BG/LC - .50% to 2% p.a. (Commission) ROI not applicable
Term loan - 8.80% p.a.
PCFC Limit- The Rate of PCFC is mostly depends of rate of Dollars so it can vary
Tenure
It depends on type of requirements
OD/CC Limits- 1 year (Renewable)
BG/LC - Up to 5 years
Term Loan - up 10 year
PCFC- 1 Year (Renewable)
