TJSB Letter of Credit
Home / Commercial Loans /
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.
To be retired on due date..
**"Conditions Apply. Loan at sole discretion of the Bank”
Type of Loan :
Letter of Credit (Inland & Import).
Procurement/import of raw material, capital goods.
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.