HOME
ADVANCES
BUSINESS LOAN (FUND BASE)

Trust Receipt

  • 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