Letter of Credit: Stand by Letter of Credit By Financeseva

Bank Name	Min Interest Rate	Processing Fee	Max Loan (Lacs)	Max Tenure (Month)	Forclosure Charge
Neogrowth	1%	1%	5000	12	NIL
Bank of Baroda	1%	1%	5000	12	NIL
Bank of India	1%	1%	5000	12	NIL
Bank of Maharashtra	1%	1%	5000	12	NIL
Canara Bank	1%	1%	5000	12	NIL
Central Bank of India	1%	1%	5000	12	NIL
Indian Bank	1%	1%	5000	12	NIL
Indian Overseas Bank	1%	1%	5000	12	NIL
Karnataka Bank Ltd.	1%	1%	5000	12	NIL
Punjab & Sind Bank	1%	1%	5000	12	NIL
Punjab National Bank	1%	1%	5000	12	NIL
State Bank of India	1%	1%	5000	12	NIL
UCO Bank	1%	1%	5000	12	NIL
Union Bank of India	1%	1%	5000	12	NIL
United Bank of India	1%	1%	5000	12	NIL
Axis Bank Ltd.	1%	1%	5000	12	NIL
Bandhan Bank Ltd.	1%	1%	5000	12	NIL
City Union Bank Ltd.	1%	1%	5000	12	NIL
DCB Bank Ltd.	1%	1%	5000	12	NIL
Digibank (DBS)	1%	1%	5000	12	NIL
Federal Bank Ltd.	1%	1%	5000	12	NIL
HDFC Bank Ltd	1%	1%	5000	12	NIL
ICICI Bank Ltd.	1%	1%	5000	12	NIL
IDFC First Bank	1%	1%	5000	12	NIL
IndusInd Bank	1%	1%	5000	12	NIL
Kotak Mahindra Bank	1%	1%	5000	12	NIL
RBL Bank Ltd.	1%	1%	5000	12	NIL
South Indian Bank Ltd.	1%	1%	5000	12	NIL
YES Bank Ltd.	1%	1%	5000	12	NIL

Bank Name

Min Interest Rate

Processing Fee

Max Loan (Lacs)

Max Tenure (Month)

Forclosure Charge

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

5000

NIL

Bank Name	Min Interest Rate
Neogrowth	1%
Bank of Baroda	1%
Bank of India	1%
Bank of Maharashtra	1%
Canara Bank	1%
Central Bank of India	1%
Indian Bank	1%
Indian Overseas Bank	1%
Karnataka Bank Ltd.	1%
Punjab & Sind Bank	1%
Punjab National Bank	1%
State Bank of India	1%
UCO Bank	1%
Union Bank of India	1%
United Bank of India	1%
Axis Bank Ltd.	1%
Bandhan Bank Ltd.	1%
City Union Bank Ltd.	1%
DCB Bank Ltd.	1%
Digibank (DBS)	1%
Federal Bank Ltd.	1%
HDFC Bank Ltd	1%
ICICI Bank Ltd.	1%
IDFC First Bank	1%
IndusInd Bank	1%
Kotak Mahindra Bank	1%
RBL Bank Ltd.	1%
South Indian Bank Ltd.	1%
YES Bank Ltd.	1%

Bank Name

Min Interest Rate

How I can apply for Letter of Credit fund?

Just submit your Letter of Credit application form at any of our ideal bank Branche and for approval.

What are the benefits of a Stand by Letter of Credit fund?

There are many benefits of Stand by Letter of Credit: -

It reduces the risk of non-paying buyers
Reduce the risk in international trade transactions
It is quick to secure.

What are parties involved in Stand by Letter of Credit fund?

Applicant/Buyer/Importer
Issuing Bank
Beneficiary/Seller/Exporter
Advising Bank
Nominated Bank
Confirming Bank
Reimbursing Bank
Second Beneficiary

What is the purpose of Stand by Letter of Credit fund?

To back up the seller obligation
Guarantee of payments.
Collateral for loan
Improving credit rating of bond, notes security of any kind of commercial paper.

What is Stand by Letter of Credit fund?

A Stand by Letter of Credit (SLOC) is a legal document that gives guarantees of payment to a seller in the event that the buyer or the bank's client.

How many types of Stand by Letter of Credit fund?

There are two types of Stand by Letter of Credit given below: -