This is a short-term facility offered to Sole Proprietors, Partnerships and Companies to boost working capital.
Features:
• Facility is for one year and may be extended based on the amount granted.
• Interest is charged only on debit balance. (i.e. amount over withdrawn)
• Flexible security arrangements.
Benefits:
• Customers' cash flow needs are adequately provided.
• Flexible terms of negotiation.
• Prompt response to urgent needs.