- One of the source to meet working capital requirements by way of financing procurement of goods/material etc
- Facility is allowed generally against bills drawn under Sight Letter of Credit Bills
- Maximum Tenor is generally up to 90 days depending upon working cycle of corporate
- Facility given in OMR only
- Loan amount depending on Business turnover, Financials, Working Capital cycle and Nature of Business activity etc.
- Rate of Interest – Linked with cost of fund of Bank + Credit Risk Premium as per credit rating
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