TJSB Letter of Credit

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Letter of credit is provided to meet need for trade purchases. These are generally provided for 3-6 months depending upon the customer’s trade cycle. Apart from this we provide letter of credit for importing machinery or capital goods. Such LC’s are for tenure ranging from 1-3 years depending upon the need of the borrower.
To be retired on due date..
  1. Type of Loan : Letter of Credit (Inland & Import).
  2. Purpose : Procurement/import of raw material, capital goods.
  3. Margin : Cash margin -As per Banks policy from time to time.
  4. Settlement : To be retired on due date.
  5. Commission : As per Banks policy from time to time.
  1. Who can borrow : Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies.
  2. Prime Security : Asset to be procured under LC.
  3. Collateral Security : If required, on case to case basis.
**"Conditions Apply. Loan at sole discretion of the Bank”

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