TJSB Letter of Credit

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.

All you need to know

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  • Type of Loan : Letter of Credit (Inland & Import).
  • Purpose : Procurement/import of raw material, capital goods.
  • Margin :Cash margin -As per Banks policy from time to time.
  • Settlement : To be retired on due date.
  • Commission :As per Banks policy from time to time.
  • Who can borrow
    Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies.
  • Prime Security
    Asset to be procured under LC.
  • Collateral Security
    If required, on case to case basis.
* “Conditions Apply. Loan at the sole discretion of the Bank”

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